Ireland told to default by top economist who predicted crash

[irishspirit]

Irish taxpayers have been warned of the true cost of a default on the EU-IMF bail-out package as a political row escalates over the real state of the nation?s finances.
Central Bank governor Patrick Honohan and leading economist Morgan Kelly spent the weekend playing verbal tennis at the heart of the row.
Kelly has claimed that Ireland Inc faces bankruptcy unless the government defaults on the bail-out and it?s punitive interest rate.
But Honohan, accused of failing to recognize the crisis in the banking sector he controls on behalf of the people, has warned that Ireland simply cannot afford a default.


http://www.irishcentral.com/news/Ire...121489134.html

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[sandy]

Irish taxpayers have been warned of the true cost of a default on the EU-IMF bail-out package as a political row escalates over the real state of the nation’s finances.
Central Bank governor Patrick Honohan and leading economist Morgan Kelly spent the weekend playing verbal tennis at the heart of the row.
Kelly has claimed that Ireland Inc faces bankruptcy unless the government defaults on the bail-out and it’s punitive interest rate.
But Honohan, accused of failing to recognize the crisis in the banking sector he controls on behalf of the people, has warned that Ireland simply cannot afford a default.


http://www.irishcentral.com/news/Ire...121489134.html

What do you think will happen Irishspirit or do you think it is just a public show and they already know what will be the outcome??