Sunday 4 December 2016

Shane Ross: 'D' word is not so scary now

Shane Ross

Published 24/07/2011 | 05:00

Enda Kenny: The Taoiseach's immediate problem will be to dampen expectations of a relaxation of austerity measures
Enda Kenny: The Taoiseach's immediate problem will be to dampen expectations of a relaxation of austerity measures

Who is afraid of a sovereign default?

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"Not I," said the Greek. On Thursday, the dreaded D word was an ingredient in the potion to raise Greece from the grave.

"Not I," said the German, whose chancellor Angela Merkel decreed that some of the private holders of Greek debt would be victims of default.

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