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Monday, November 22, 2010

Newsy.com: Ireland Asks for Bailout


Multisource political news, world news, and entertainment news analysis by Newsy.com

November 22, 2010 (2:08)


After denying a need for relief, Ireland is becoming the second EU country to receive a bailout. Irleand was a conservative poster child with its low corporate taxes, the lowest in the EU. The taxes were so low, the government was unable to run the country.

Real estate speculation also devastated the country.

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