Daft Property - Irish Property News

In Oscar Wilde's Importance of Being Earnest, Lady Bracknell memorably remarks that: "To lose one parent… may be regarded as a misfortune; to lose both looks like carelessness." The Euro-zone's need to rescue three of its members (Greece, Ireland and Portugal) with three others (Spain, Belgium and Italy) increasingly eyed with varying degrees of concern smacks of institutionalised incompetence. Executed with Northern European creativity, charm, flexibility and humility and Mediterranean organisation, leadership diligence and appetite for hard work, the European rescue plan – "the grand compact" - is failing. European Debt Crisis returns In little over a year since the announcement of Greece's debt problems, the European debt crisis has ebbed and flowed with markets oscillating between euphoria (resolution) and despair (default or restructuring). The European Union's (EU) "confidence-boosting", short-term "liquidity enhancement&