hate the future

ledgergermane:

• A dire warning that the Republic is a prime candidate to go bust has come from one of the world’s leading economic historians.
• “The idea that countries don’t go bust is a joke,” said Niall Ferguson, Harvard professor and author of The Ascent of Money.
• “The debt trap may be about to spring” he said, “for countries that have created large stimulus packages in order to stimulate their economies.”
• His chosen prime candidate to go bust is “Ireland, followed by Italy and Belgium, and UK is not too far behind”.