Grabbing global headlines for the wrong reasons

THIS country’s best efforts to assure global investors that it has the banking crisis under control are failing to convince the markets.

Key international watchdogs such as rating agencies and big lenders worry we have failed to come to grips with the banking crisis and that the mounting debt caused by this fiasco will cause us to default in the next few years.

Ireland as the next Greece is again being touted in the world’s press, and despite our best efforts the mess is getting worse, according to outside observers.