If Greece falls Ireland will not. For one simple reason. Ireland have implemented the necessary cuts the Greeks will not. Ireland will have an incredibly painful 3-5 years and see public spending slashed by 20%+ (UK could learn from that). By the time the markets have slaughted the Greeks, Ireland will have a track record of actually putting in place and running with the necessary fiscal discipline.
I also loved the comment that the Greek population will not accept the necessary cuts. Sorry but the rest of the world does not owe then a living. They have two choices, accept it now or accept a worse version later. If I were a Greek businessman I would have moved my assets out the country years ago. (Σχόλιο αναγνώστη στην ιστοσελίδα του BBC)
Οι υπάλληλοι της Ελληνικής Βουλής και ο Γερμανός Klein