Irish Crisis Shakes Europe
Dublin to Spend Billions More to Shore Up Lenders; Jitters Over Euro's Future
BY NEIL SHAH AND QUENTIN FOTTRELL
DUBLIN—Ireland scrambled to contain its financial crisis—and convince investors it won't need an emergency bailout by its European peers—by promising to pump billions more into its hardest-hit lenders.
The move, coming after efforts two years ago to rescue the troubled banks, underscores Ireland's new and unwanted status as the center of Europe's continuing financial turmoil. The convulsions in Dublin are adding to concerns that Ireland and other stricken nations may need to tap a rescue mechanism for euro-zone members that was cobbled together to save Greece this spring.
Answer by Farmlady09 at 6:18 PM on Oct. 1, 2010
Answer by art.diva at 1:27 AM on Oct. 2, 2010
Hell NO! We all agreed that the whole world is having financial problems. Nobody has it good. We all are suffering.
So, is Ireland going to blame Bush for their housing market collapse?
Answer by grlygrlz2 at 6:56 PM on Oct. 1, 2010
Wasn't someone touting how great the European economy/government is and how the US should be more like Europe?? I could have sworn someone was saying this not too long ago...
Answer by grlygrlz2 at 4:53 PM on Oct. 1, 2010
Answer by grlygrlz2 at 6:26 PM on Oct. 1, 2010
Answer by jesse123456 at 8:07 PM on Oct. 1, 2010
Answer by princessbeth79 at 5:03 PM on Oct. 1, 2010
Answer by grlygrlz2 at 6:41 PM on Oct. 1, 2010
Answer by grlygrlz2 at 6:43 PM on Oct. 1, 2010
Answer by lovinangels at 8:38 PM on Oct. 1, 2010
Next question overall
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