Evening Edition is an Open Thread
| From Yahoo News Top Stories |
1 Ireland reveals full horror of banking crisis
by Andrew Bushe and Roland Jackson, AFP
1 hr 21 mins ago
| DUBLIN (AFP) – Ireland revealed Thursday that bailing out Anglo Irish Bank could cost nearly 35 billion euros and had threatened to push the country into insolvency on a torrid day dubbed “Black Thursday”.
The state’s rescue of Anglo Irish, which hit the rocks when Ireland’s property bubble burst amid the 2008 global financial crisis, could cost as much as 34.3 billion euros (46.6 billion dollars). The massive bill, plus the cost of helping other banks, is expected to help push Ireland’s public deficit to a record 32 percent of gross domestic product this year. |
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