Erin Go Broke

I've been a long time reader of Paul Krugman of the New York times so it was kind of distressing to have him use Ireland as a "worst case" scenario.

“What,” asked my interlocutor, “is the worst-case outlook for the world economy?” It wasn’t until the next day that I came up with the right answer: America could turn Irish.

It goes downhill from there;

Meanwhile "Country Third" Tanaiste of Ireland mumbles a response