Description:  Ireland is struggling to cover its bank debt and U.S. homeowners are wheezing, too. Peter Coy says the next step should be debt writedowns.

Source:  Businessweek.com
 
Date: 09/30/2010

Link: http://www.businessweek.com/magazine/content/10_41/b4198005675038.htm

Questions for discussion: 

• Summarize the economic and financial analysis presented in the article?
• Do you agree with the notion that debt will have to be cut back, causing economic problems for Irish economic growth?
• How would you approach investing in Irish debt and stocks, in general and the firms mentioned in the article, in particular?