Tag Archives: ireland

The EU Is Pushing Ireland to the Brink of Ruin

The Irish government has just passed its fourth budget in two years. But the drastic savings measures it contains will not help the country's massive debt problem. Some economists are now predicting it is only a matter of time before … Continue reading

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Graff: Worst of times, best of times: A tale of two Irelands (1)

DUBLIN, Nov 26 (Reuters) – Country A is drowning. A catastrophic recession has thrown a tenth of its workforce out of jobs in just two years. Firms are shutting, banks are barely solvent and the IMF has been called in … Continue reading

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Irish voters give damning verdict on bail-out crisis (8)

Angry voters yesterday sought to punish the Irish government by inflicting a historic defeat on the Fianna Fail in a by-election that signals the end of Brian Cowen's career. Local polling shows that Fianna Fail (FF), which has been in … Continue reading

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Brzezinski: The Misguided Ireland Bailout

The EU wants to sacrifice a low-tax state to pay for the Euro-dream. The Irish government is teetering on the brink of collapse. In a humiliating about-face, the Irish Taoiseach (prime minister), Brian Cowen, yesterday accepted a European Union bailout … Continue reading

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Hague sparks diplomatic row (3)

William Hague sparked a diplomatic row yesterday by suggesting that the Irish debt crisis could lead to the total disintegration of the euro. Asked if he thought that Ireland’s crippled banks could cause the collapse of the EU currency, the … Continue reading

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Heffer: Euro crisis – Britain needs to prepare for an economic dark age next door (5)

On a shimmering day last June, I was talking to one of our most intelligent diplomats about the future of the euro. He told me, matter-of-factly, that there would be a serious crisis again before Christmas, and he suggested that … Continue reading

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Euro under siege after Portugal hits panic button (6)

The euro is facing an unprecedented crisis after another country indicated that it was at a “high risk” of requiring an international bail-out. Portugal became the latest European nation to suggest it was on the brink of seeking help from … Continue reading

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Keenan/Reguly: The slaying of the Celtic Tiger (2)

Anglo Irish Bank’s unfinished head office pokes into the sky on Dublin’s North Wall Quay, a silent testimony to the rise and fall of the Celtic Tiger. The eight-storey shell of what was supposed to be Anglo Irish’s glittering new … Continue reading

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Ireland's Problems Have Euro Zone Worried (4)

The PIIGS are not out of the woods yet. Ireland’s ongoing economic woes have financial markets concerned that the country might need an EU bailout. A new round of austerity measures could trigger a downward spiral. Sean FitzPatrick, 62, couldn’t … Continue reading

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Belfast riots continue for third night

Police in Belfast have come under gunfire for a third successive night, with Northern Ireland’s political leaders condemning those behind the violence. In Ardoyne, the scene of Monday night’s major disturbances, a lone attacker armed with a handgun fired four … Continue reading

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Irish at home, abroad cheer St. Patrick's Day

DUBLIN, Ireland – Much of the world is turning green Wednesday for St. Patrick’s Day, the annual celebration of all hues of Irishness. More than a half-million people lined the 3-kilometre route of the flagship Dublin parade beneath unusually sunny … Continue reading

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