Description:Â 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.
Questions for discussion:Â
- 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?