Ireland saw rapid growth in the past 15 years, but is now struggling with huge debt.
The country says it has funding until June next year, but analysts say it could need a bailout of up to 110 billion dollars.
Even the possibililty that Ireland might default is a mighty comedown for the former Keltic Tiger, so-called for its powerful growth.
This was a country where most enjoyed the boom -- now the tiger is dead -- everyone is going to share the pain.
Al Jazeera's Alan Fisher has more from the capital Dublin
Sunday, November 14, 2010
Mexico Hotel Blast Kills 6
A gas explosion at a hotel in the Mexican resort city of Playa del Carmen has killed six people and injured 15. Four of the dead have been tentatively identified as Canadian tourists, including a nine-year boy. (Nov. 14)
Geraldo Rivera changes mind on AE911Truth and BuildingWhat
Geraldo Rivera surrenders his attitude against AE911Truth and BuildingWhat on building 7
BuildingWhat campaign is discussed on Geraldo Nov 13 2010.
His guests are Bob McIllvaine and Tony Szamboti
Geraldo Rivera who for so long has vocally opposed 911Truth has changed his mind.
BuildingWhat campaign is discussed on Geraldo Nov 13 2010.
His guests are Bob McIllvaine and Tony Szamboti
Geraldo Rivera who for so long has vocally opposed 911Truth has changed his mind.
Silver Gold Higher : QE2 Explained To A 12 Year Old
Great Piece I found on the net that explains the current economic course taken by the Federal Reserve. How to counteract this madness?
Gerald Celente: Scenario set up for next war
The Federal Reserve has decided to invest $600 billion into the United States economy in order to spur growth. Gerald Celente from the Trends Research Institute says the US government is ruining the country by causing a trade war, devaluing the dollar and driving the country into poverty.
TSA Encounter - Naked Body Scan Backlash
“Grassroots groups are urging travelers to either not fly or to protest by opting out of the full-body scanners and undergo time-consuming pat-downs instead,” reports CNN.
US foreclosures under scrutiny
US foreclosures under scrutiny
The number of homes being repossessed in the United States fell nationwide this past month, and could fall even further.
But hundreds of thousands of Americans are on the brink of losing their homes, amid accusations that banks have been wrongly handling foreclosures.
The foreclosure crisis began with the recession of 2008, when the US housing bubble burst. Lenders were faced with millions of defaults at once, and lacked the manpower to process all the paperwork.
This contributed to what has become known as "robo-signing", bank staff signing off on repossessions, without properly checking all the documents. Now there is an ongoing legal investigation into foreclosure practices in all fifty states.
And several major financial institutions have temporarily halted thousands of foreclosure proceedings while this is going on.
Al Jazeera's Scott Heidler traveled to the frontlines of the foreclosure crisis, to the city of Portland, Maine, where the allegations first emerged.
The number of homes being repossessed in the United States fell nationwide this past month, and could fall even further.
But hundreds of thousands of Americans are on the brink of losing their homes, amid accusations that banks have been wrongly handling foreclosures.
The foreclosure crisis began with the recession of 2008, when the US housing bubble burst. Lenders were faced with millions of defaults at once, and lacked the manpower to process all the paperwork.
This contributed to what has become known as "robo-signing", bank staff signing off on repossessions, without properly checking all the documents. Now there is an ongoing legal investigation into foreclosure practices in all fifty states.
And several major financial institutions have temporarily halted thousands of foreclosure proceedings while this is going on.
Al Jazeera's Scott Heidler traveled to the frontlines of the foreclosure crisis, to the city of Portland, Maine, where the allegations first emerged.
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