Summary
DUBLIN - It's the world's biggest banking black hole - and it's in Ireland, one of Europe's most troubled economies.
The debt disaster at Anglo Irish Bank means that Ireland is tasked with carrying out the continent's most ambitious bank- bailout program at a time of surging deficits and welfare lines. The unrelenting tide of red ink has analysts and Dubliners alike asking: How on earth will Ireland keep paying its bills?See the full content of this document
Extract
Shellshocked Irish Weigh Bank Problems
"Every man, woman and child walking down that street out there has been put in a deep, dark hole by the bankers. We've all been given a bill we can't pay for a hundred years," said John Doyle, a car mechanic patching a flat tire at his backstreet Dublin garage.
At the center of the crisis is Anglo, a specialist lender that bet all ...See the full content of this document
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