"...As any who have been following me know, I believe that several European countries are bound to default, ie. restructure their debt. Ireland is in that camp. What makes me so sure about this? Well, its simple math. I can illustrate incontrovertible evidence that shows that Ireland is on an unsustainable path - a path made even more unsustainable by the recent bailout.
Let's take a look at the cumulated funding requirement of Ireland over the next 15 years..."
at http://www.zerohedge.com/article/here%E2%80%99s-something-you-will-not-find-elsewhere-%E2%80%93-proof-ireland-will-have-default%E2%80%A6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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