There is bedlam in Ireland and the people are up in arms, demanding the resignation of the government and hoping to avoid the unavoidable austerity measures...loss of jobs, reduction of wages, increase of taxes. cutting of services and all the other measures that the EU will demand
Portugal is next and then Italy and Spain. Italy is suffering from a double malady, a fractured/ failed economy and a debauched Berlusconi and its fall will lead to governmental instability, and economic debilityy for years.