Ireland Loses AAA Rating at S&P on Deficit, Slump (user search)
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  Ireland Loses AAA Rating at S&P on Deficit, Slump (search mode)
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Author Topic: Ireland Loses AAA Rating at S&P on Deficit, Slump  (Read 4143 times)
Gustaf
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« on: March 31, 2009, 06:15:42 PM »
Devaluing the currency is the same to the lender. It still means that you don't get your money back.

Jas, having incorrect interest rates and incorrect exchange rates is not necessarily a good thing. Not having sails doesn't really make a boat more stable.
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