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02-06-2009, 05:25 PM #1
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Irish economy 'worst hit in eurozone'
Irish economy 'worst hit in eurozone'
France 24
Thursday, 5 February 2009
See the video at the link
For 15 years, Ireland's economy boomed, but today it is the country most severely hit by recession in the Eurozone. Every five minutes, a job is lost. When the property bubble burst, Irish banks had to pay the price. In Limerick, computer giant Dell is shedding 1900 jobs, closing its plant and moving to Poland.
Ireland's deputy prime minister presents students with business awards, but with unemployment at 8%, students are worried about their future.The government is about to take some unpopular decisions - Irish tax payers will soon be handed a large bill. The French took to the streets for far less; how the Irish respond remains to be seen.
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