||Ireland's 30-Billion-Euro Nightmare
||EU Debt Crisis in Ireland (1:22) -- Austerity: Help or Hindrance? (1:23) -- Nations Living Beyond their Means (2:05) -- Ireland's Ghost Towns (3:47) -- Anglo Irish Bank (3:46) -- Out of Control Debt (1:34) -- A Fatal Mistake (3:01) -- A Contracting Economy (1:01) -- Massaging the Books (2:28) -- EU Debt Crisis: Domino Effect (1:46) -- EU Financial Intervention (1:57) -- Debate over Burning Bondholders (4:46) -- Taxpayers Reimbursing Bad Debts (1:10) -- Attempting Bailout Renegotiation (0:49) -- Greece's Unfair Advantage (1:39) -- Tough Road to Recovery (2:40) -- Irish Society's Response to Austerity (1:01) -- Desperate for Growth (1:30) -- Plummeting Real Estate Values (2:02) -- Taxpayers Demand Bailout Renegotiation (1:12) -- Credits: Dicing with Debt: Ireland's 30-Billion-Euro Nightmare (0:40)
||If you want a quick, brutal lesson on Europe's debt crisis, just ask an Irish property developer. Better yet, take a stroll along the banks of Dublin's Liffey River, where new office buildings and prime waterfront real estate have plummeted in value. Meanwhile, unemployment soars across the nation, especially among Ireland's young people. How did it happen, and did Ireland get a raw deal in comparison with other European Union countries also facing debt crises? This program assesses the Irish government's acumen in taking on private-sector bank debt and becoming liable for billions of euros owed to bondholders. Was it fair that Ireland agreed to do so when holders of Greek government debt have been asked to take losses? As one Irish protest organizer puts it, the deal is "extortion" at the hands of "the financial bullyboys of Europe," and it must be renegotiated.
|General note||Encoded with permission for digital streaming by Films Media Group on March 14, 2013.|
|General note||Films on Demand is distributed by Films Media Group for Films for the Humanities & Sciences, Cambridge Educational, Meridian Education, and Shopware.|
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|Interest grade level
||9 & up.
|Technical details||Mode of access: Internet.|
|Technical details||System requirements: FOD playback platform.|
|Source of description||Title from distributor's description.|
|Issued in other form||Originally produced: ABC International, 2012.|
|Publisher number||49457 Films Media Group|