Ireland gears up for rough economic times

The Celtic Tiger experienced rapid growth over the past 15 years, but now has debt that might require a massive bailout.

    " /> " allowfullscreen="true">

    Ireland saw rapid growth in the past 15 years, but is now struggling with huge debt.

    The country says it has funding until June next year, but analysts say it could need a bailout of up to $110 billion.

    Even the possibililty that Ireland might default is a mighty comedown for the former Celtic Tiger, so-called for its rapid growth.

    This was a country where most enjoyed the boom - but now the tiger is dead - and everyone is going to share the pain.

    Al Jazeera's Alan Fisher has more from the capital Dublin.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Double standards: 'Why aren't we all with Somalia?'

    Double standards: 'Why aren't we all with Somalia?'

    More than 300 people died in Somalia but some are asking why there was less news coverage and sympathy on social media.

    The life and death of Salman Rushdie, gentleman author

    The life and death of Salman Rushdie, gentleman author

    The man we call 'Salman Rushdie' today is not the brilliant author of the Satanic Verses, but a Picassoesque imposter.

    The Beirut Spy: Shula Cohen

    The Beirut Spy: Shula Cohen

    The story of Shula Cohen, aka The Pearl, who spied for the Israelis in Lebanon for 14 years.