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Europe

Irish town resists bailout conditions

Blaming banks for economic crisis, community in the south unwilling to accept terms for national debt restructuring.
Last Modified: 28 Jan 2013 12:46

The European Central Bank has rejected Ireland's proposals to restructure some of the country's huge debts.

The government wants to avoid paying tens of billions of dollars over the next decade to underwrite a failed bank.

But one community in southern Ireland is unwilling to accept the terms of the bailout, blaming the government and banks for the economic crisis.

Al Jazeera's Laurence Lee reports from the town of Ballyhea.

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Source:
Al Jazeera
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