Government bonds: A coinage debased

For months, European policymakers had assured them no eurozone country would be allowed to default. The European Union summit on October 29 forced investors to reassess their faith in such assurances. The Germans, in particular, insisted on a future mechanism for debt restructuring in which investors footed some of the bill.

http://www.ft.com/cms/s/0/2b8fdb6e-fb23-11df-b576-00144feab49a.html#axzz18Qlow0WR

 

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Ireland's economy crashed so bad.They need some dolors to recover.