What Irish Recovery?

By Ralph Shell: The ECU elites continue to cite the successful recovery in Ireland as evidence their austerity plan is working. Yes, there is some good news. This week, for example, the Irish National Treasury Management Agency sold €2.5B of 2017 bonds. This is the first auction since the bailout program, which began in December of 2010. The bid to cover ratio was 2.8, and the yield was 3.36%,...