Ailing Ireland Accepts Bailout

Ireland finally sought $110 billion in bailout money from the European Union (EU) and the IMF.  I thought this whole debt crisis to stem Europe's sixteen-member common currency from unraveling was resolved last year after the Greece debacle.  That is what we were all told!  Well, so much for believing the EU, or for that matter, any government pronouncement.  We, Americans know that all so well, especially those individuals who have listened and believed all that rhetoric from the Fed.  Ok, who is next on the on the so called EU debt crisis hit-parade?  Could it be Spain, Italy, or Portugal?  My guess is all of them. 

So there you have it, another country bites the dust, which, of course, reminds me of that song by Queen.