Ireland's Reversal a Sad Story

Summary


What a difference a year can make: In September 2009, Forbes Magazine Publisher Steve Forbes was praising Ireland for transitioning in just a generation and a half from the poorest economy to the most dynamic economy in Europe.

Now, the Irish government owns many of its banks. Last week it was revealed that the bailout of the banks could cost $69 billion.

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Extract


Ireland's Reversal a Sad Story

But the real catastrophe is the human toll. The unemployment rate in Ireland is 13.6 percent.

In an Oct. 4 art...

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