Irish economy close to a basket case says NY Times’ Paul Krugman

This brilliant moron whose previous experience was as an advisor to Enron. Sure would like him to give his valuable advice to my company. Below is his wonderfull observation that an economy is dependent on selling goods and services to neighbors. Wow, I wonder what economy is not dependent on that. “Both are small economies of a few million people highly dependent on selling goods and services to their neighbors.

Mr Krugman is more right than wrong but the comparison between Ireland and Nevada is probably just as much wrong as right. A better comparison would be between Ireland and Belgium or Ireland and Luxembourg. Both have small populations and both have much less debt than Ireland.

If you take what this dunce says as truth, you will be happily disappointed. He has made a career pumping up his own minimal self-worth. With that said, I am afraid that the EU is destined to disintegrate - cultures are strong, and not easily merged.