Dicing with Debt. Ireland's 30-Billion-Euro Nightmare

Description

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.

Runtime

45 min

Subjects

Geography

Genre

Date of Publication

[2013], c2012

Database

Films on Demand

Direct Link

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