Friday, November 26, 2010

Worst of times, best of times: tale of two Irelands (Reuters)

A pedestrian walks past a sign outside a cafe displaying a menu relating to the current economic climate, in Dublin November 23, 2010. REUTERS/Cathal McNaughtonReuters - Country A is drowning. A catastrophic recession has thrown a tenth of its workforce out of jobs in just two years. Firms are shutting, banks are barely solvent and the IMF has been called in to bail out the government from crushing debt. The standard of living is eroding, taxes are being hiked, state spending is being slashed, and the deeply unpopular government is being forced into an election it is certain to lose.


Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20101126/ts_nm/us_ireland_tale

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