Euro Debt Crisis: Similarities and differences in the woes of Ireland, Greece and Portugal
Nov 26th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Euro Debt Crisis: Deutsche Bank Research says the reasons for the current woes of some Eurozone sovereigns on the capital markets differ from country to country. In the case of Greece, it was mainly a persistently unsound fiscal policy that led to a loss of confidence among investors, while in Ireland this was primarily due to a credit bubble which had inflated the size of the financial sector. Portugal didn't even have a mini-lending bubble.