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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: Irish economy

Irish economy stories: 2 news summaries

Ireland Buys 75% of Troubled Lender in Banks Bailout

Anglo Irish goes into taxpayers' hands after scandal

Dec 22, 08 4:33 AM CST
(Newser) - Ireland became the latest nation to partially nationalize struggling banks last night, buying 75% of the deeply troubled Anglo Irish Bank and bailing out others, reports the Financial Times. The bank, whose shares had already dropped 95% from bad mortgage debts, suffered a further blow last week when its CEO ... More »

MORE ABOUT:
Ireland • mortgage debt • banking • Irish economy • rescue package • recapitalization • Anglo Irish


'Celtic Tiger'
Has a Thorn
in Its Paw

Ahern's heir inherits
an Ireland whose
boom is behind it

Apr 3, 08 7:38 AM CDT
(Newser) - In his 11 years as Ireland's prime minister, Bertie Ahern presided over explosive economic growth that earned the once-moribund nation the nickname "Celtic Tiger." But his presumptive successor, finance minister Brian Cowen, is inheriting a dismal situation: after a decade of boom, Ireland's economy is set to grow... More »

MORE ABOUT:
Bertie Ahern • Ireland • Celtic Tiger • Brian Cowen • Irish economy

2 Stories


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