First Iceland, then Ireland and third...Austria?

This isn't important, but its interesting that Ireland is now along with Iceland the fucked countries to compare the rest of the world with. All that's up for debate now is who is the third most fucked country in the recession. It doesn't even need saying that that Ireland follows Iceland as the second most fucked. Paul Krugman writes:

Austria's not as outrageously leveraged as Iceland, or even Ireland. But it may need a bank bailout that will seriously strain the country’s resources. So what I said at the event — that after those two, it’s probably the advanced country at most risk from the financial crisis — shouldn’t even be controversial.