ONE FULL WEEK (February 23) before this appeared in the pages of the Irish “deadwood” media (March 1), we were reporting on this first, with detailed updates in later posts – even before the deadwood caught up.
THE Irish economy will shrink more than 3pc this year if oil prices stick at $150 a barrel, while at least one country on the eurozone’s periphery would be likely to default, Ernst & Young economist Marie Diron warns in a new report.
Falling growth here and elsewhere in Europe if oil rose to $150 a barrel would create renewed turmoil on sovereign debt markets and further hurt the banking sector, which would in turn require new bailouts.
Read more of the Irish Independent piece.
Read more of what we had published before this:
- Oil (2) – before it’s news, read it on Rebel-Alliance.org first…
- Energy: Oil, Agriculture, Food, Commodities & Cost of Living