Sunday 11 December 2016

Brendan Keenan: Bonding with bailout buddies

Maybe we could all could learn a lot about how best to deal with deficits from the other troika territories

Published 04/11/2012 | 05:00

PORTUGAL, they say, is England's oldest ally. Presumably, they both had a common enemy in Spain. That would have put us on the other side, but we ought to be allies now.

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Several euro countries are in trouble but only three -- the Portuguese, the Greeks and ourselves, are being financed from official money funded by other governments and the IMF. That should create a bond.

Yet the three "bailout" countries seem to pay very little attention to each other's woes and progress, or lack of it, in overcoming them. There is certainly no sign of a common approach.

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