Accounting News Roundup: Ireland Will Take That Money Now; Deloitte’s Role in the GM Soap Opera; SaaS Continues to Outpace On-site Vendors | 11.22.10
Ireland Is Second Euro Nation to Seek Aid as Banks Wobble [Bloomberg]
Ireland became the second euro country to seek a rescue as the cost of saving its banks threatened a rerun of the Greek debt crisis that destabilized the currency.
The euro erased gains and Irish bonds pared an early advance after Moody’s Investors Service said a “ multi-notch” downgrade in Ireland’s Aa2 credit rating was “most likely.” The prospect of January elections loomed as the Green Party said it would pull out of Prime Minister Brian Cowen’s coalition.
Deloitte, Delphi, and GM: Duped or Duplicitous? [<