11/19/2010 06:17 am ET | Updated May 25, 2011

Ireland Crisis May Give China Break It Seeks

There will be many twists and turns as the Ireland debt crisis unfolds and there's a chance a resolution might just lead to Asia.

Here's how I see it playing out. Ireland will accept a modest package of support from the European Union, presumably with International Monetary Fund involvement. At the same time, investors are coming to realize that Ireland's future debt path is, beyond a reasonable doubt, unsustainable.

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