Information Clearing House NewsletterNews Won't Find On CNN
November 21, 2010
Banks in Ireland 'on Brink of Collapse'
By Luke Byrne
AIB and BoI owe over €100bn to foreign investors and fear another run on deposits could destroy them. The Irish Central Bank is keeping them afloat after ECB said: 'We won't lend you any more' Collapse would trigger €440bn bank guarantee... but IMF has option of locking the banks' doors.
Ireland Fears Civil Unrest as Bank Crisis Deepens
By Henry McDonald in Dublin and Andrew Clark
Trade union leader warns of riots if government imposes further 'draconian' cuts to public sector.
Ireland Has Been Betrayed By Its Leaders
The Observer Editorial
There is a real danger of Irish society being hollowed out, with a discredited political elite holding nominal power and no legitimacy while an angry, disoriented, heavily indebted and increasingly poor population chase dwindling jobs.