Sunday, December 19, 2010
Where Ireland stands, Britain follows?
The dramatic decline of the Celtic tiger into a wet pussy. How much will British taxpayers suffer from the fallout in Ireland? British banks such as RBS and Lloyds have large debts in the Republic, and are making decisions about which to call in, threatening more pain for local communities. Morland Sanders hears protests from small contractors in Donegal where Ulster Bank want to sell off a prestige residential development at rock bottom prices. This amid questions about the part British institutions actually played in fuelling the property market bubble.