The Irish financial crisis of 2010 explained - SEE VIDEO

It's happened again... O'Dowd's system would not post my comment....... Spinless, Empty Scrotum (would be Irish) B***ard.....

During the real estate bubble,a lot of people made millions, the wage earner was not part of it. Now the wage earner is made pick up the tab for failed risktaking of banks and real estate developers. Its time to hit the millionaires with a huge WEALTH TAX, and give back a little.

Up came Napper Tandy and he took me by the Hand, He said how is dear Ireland, I don't know how she stands, She's the most distressful country that I have ever seen........Napper was a man of vision, way ahead of his time......

@eiregirl..I agree with you about letting women manage the purse strings in government.A country should be run like a household,women are very good at that in general.But the reality is it's not about good government or doing the best thing.Nama is about taking money from the ordinary people and giving it to the fat cats.All that public money that was borrowed and given to the rich is still there,it's just in private hands now.

Put the politicians, bankers and developers responsible for this mess in the roughest section of Mountjoy jail-starting with bertie ahern, then brian cowen and on from there and extradite this drumm guy living pretty on Cape Cod. There in Mountjoy they'll hopefully meet some big daddies-if you know what i mean-who will put them anything but straight; the sooner the better

No question, joining the EU and American corporations needing a foothold in Europe, led to the "celtic tiger" Among other things one of the main factors that led to american investment was the lower corporate tax. All Ireland needed, was good elected leadership, to be able to see ahead, curb excessive public spending, like over staffed, and over paid public sector employees, excessive welfare etc. However, that did not happen, the Irish workers are leaving in the thousands, the permanent doler entitlement, sucking leach crowd, children and elderly will be what is left. When the bailout comes, one of the conditions will be to raise corporate tax to european levels, which will cause a lot more job losses. Great leadership. HA.

Eiregirl: Your figure of Ireland "losing 1000 people a day due to emmigration" is quite inflated. And anyway there are thousands of foreign settlers flooding into Ireland each week, so there will be no net loss of population.

This is what happens when you let the men manage the purse strings. Too much back slapping and favours done in the good times...The EU has helped more than hindered, but they made a mistake letting Greece join. I doubt Greece is losing 1000 people a day due to emmigration, like Ireland is experiencing now. It's just a sign of things to come for the whole world. The smaller countries go first.

One has to wonder about the intelligence of joining the EEC and taking the Euro as its currency. Although I am sure there was pressure to join, it did not take Nostradamus to foresee the potential disaster we see now with Greece, Ireland and other large European countries on the verge of collapse.

With the benefit of hindsight, maybe this globalisation thing wasn't such a hot idea.

Look, years ago when the "Celtic Tiger" was the all the rage, it made no sense that a country of some 3-4 million could generate the kind of wealth where people didn't flinch at house prices that would have been seemed outrageous even in Manhattan. Clearly it was a bubble, you didn't have to be a economic genius to see it. Why aren't some of the financial geniuses in jail? They had to know it was nothing more than a pyramid scheme where the last man in got screwed.

With the financial crisis in Ireland and the bad exchange rate between the dollar and the euro, is next year a bad time to visit Ireland?