This gem from inside:
"In fact, the Irish leadership has every incentive to delay until other countries can be dragged into turmoil. The crisis will become euro-zone wide, at which point all eyes will turn to some combination of the European Central Bank, the German taxpayer, and the IMF." (emphasis added).
Scared yet? Once this occurs, keep your eye on the impending bond problems in California, Illinois, and New York, among other states.