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.
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.