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.

    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

    All Hail The Algorithm

    All Hail The Algorithm

    A five-part series exploring the impact of algorithms on our everyday lives.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    China will determine the future of Venezuela

    China will determine the future of Venezuela

    There are a number of reasons why Beijing continues to back Maduro's government despite suffering financial losses.