Room for Debate
November 18, 2010
Ireland's leaders have insisted all along that their country did not need a financial bailout. But on Thursday Irish officials said they would seek help from outside lenders to end a debt crisis that has undercut confidence in Ireland's long-term financial status and raised new doubts about the stability of the euro.
The European Union and International Monetary Fund are hoping to control the debt contagion from spreading to already vulnerable Spain and Portugal.
If Ireland's officials didn't want the bailout, why do they now have to agree to one? What would happen without one?
Debaters
"Debtors and Creditors Should Pay"
Jeffry A. Frieden, professor of government
"No Viable Alternatives"
Yves Smith, Naked Capitalism
"An Irish Default May Have Benefits"
Jeffrey A. Miron, economist
"The Threat Ireland Poses"
Jacob F. Kirkegaard, Peterson Institute
"The Big Small Problem"
Vanessa Rossi, Chatham House
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