Historical Perspective | Ireland Surely Can’t Betray its History – WSJ.com

This is an excellent piece on the current situation and puts the current crisis in a decent historical perspective:

Before there even was an Ireland, there were Irish government bonds. Indeed, the willingness of U.S. investors to take a punt on a

state that didn’t yet exist was one of the things that made Irish independence possible.

In January 1920, Irish rebels started to sell bonds in the U.S. to fund their war with the British government. The bonds were to become repayable after an independent Irish state had received international recognition, and they were repaid.

via Ireland Surely Can’t Betray its History – WSJ.com.

John Dorney had an excellent piece on Irish state finances and debt recently for more on that topic.

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