The European nations are now urging Portugal to accept a bailout package in order to save Spain. Actually, Portugal is highly exposed to Spain and if one becomes insolvent, the effect will come on the other. If Portugal does not accept the bailout package, then both Spain and Portugal will need the bailout and that […]
Tag: Ireland bailout
Why Europe Was So Eager To Bail Out Ireland?
The European nations almost forced Ireland to accept the bailout package. The question is why? Why the other nations of Europe so much interested in bailing out Ireland from financial bankruptcy? After the Cabinet of Ireland approved the loan request letter, political uncertainty has gripped the nation as opposition parties have demanded the resignation of […]