Can Ireland pull an Iceland?

Max Keiser has an interesting short video describing what is going on in Ireland, and how crazy it is. It is pretty obvious that the only way Ireland can continue as a proper nation is to do what Iceland did. Of course, Iceland is not part of the Euro zone so its not going to be that easy. The simple fact remains, though, and that is that Ireland simply cannot pay for all the debt the banks have saddled on its shoulders...

See Max's videos below...