November 19, 2010 at 07:00 AM EST
Is The Ireland ETF Doomed?
With the end of the year rapidly approaching, 2010 has been anything but kind to the euro zone. The currency bloc has experienced its worst financial crisis since the adoption of the euro, at one point teetering on the brink of a widespread crisis and perhaps even complete collapse. Across the continent heavily indebted nations including Greece, Spain, and Portugal have struggled to get their fiscal houses in order, drawing fierce protests from citizens accustomed to generous government benefits. Despite the sometimes violent backlashes, many governments have taken bitter fiscal medicine in the form of austerity measures designed to reel in spending and stave off a potentially destabilizing crisis of confidence. But just as it appeared that Europe was getting back on its feet–the euro has rallied sharply against the greenback and some economies are showing signs of life–another major challenge appeared, this time on the Emerald Isle. Ireland, among the [...] Click here to read the original article on ETFdb.com. Related Stories: Is The Ireland ETF (EIRL) In Trouble? Is The Ireland ETF (EIRL) In Trouble? The Case For The Ireland ETF (EIRL)
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