Ireland: not a bright spot for the moment

Everyone has his unemployment worries, these days. Most well known are the US, but if we look to the Irish unemployment rate than the Emerald Isle is in nothing short of their American counterpart.

Share prices are going bonkers over here. Thank you. AIB and Bank of Ireland stock prices quadrupled over the pas few month. Everybody is telling in the pub that this is due to the planned bail-out of the government. Maybe, but I rather think shorters covered their positions. As everywhere else in Europe.

What if the government ends up with 70% of AIB shares?

Time to buy. These guys are not so weak as everybody assumes.

Sphere: Related Content