Word: irelands
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...what finally forced Paulson's hand? Pressure mounted from abroad when Ireland, the U.K., France and Germany moved almost sequentially to insure deposits and recapitalize banks--nearly $3 trillion worth. For the Treasury to fail to match that offer would have risked a capital flight by institutional depositors that could have started emptying U.S. banks...
...Netherlands 10 9 Japan 8 10 Canada 13 11 Hong Kong SAR 12 12 United Kingdom 9 13 Korea, Republic of 11 14 Austria 15 15 Norway 16 16 France 18 17 Taiwan, China 14 18 Australia 19 19 Belgium 20 20 Iceland 23 21 Malaysia 21 22 Ireland 22 23 Israel 17 24 New Zealand 24 25 Luxembourg 25 26 Qatar 31 27 Saudi Arabia 35 28 Chile 26 29 Spain 29 30 China 34 31 United Arab Emirates 37 32 Estonia 27 33 Czech Republic 33 34 Thailand 28 35 Kuwait 30 36 Tunisia 32 37 Bahrain...
Irish emigration is nothing new, of course. From the millions who fled poverty and famine over the last century and a half to the many thousands who have regularly quit the country in search of work right up to the end of the 1980s, Ireland's best and brightest have a long history of leaving in search of opportunity and sunnier climates. But a decade and a half of red-hot growth all but wiped out large-scale emigration, and Ireland has instead found itself a destination for immigrants from Africa, Asia and Eastern Europe...
Until now. In recent weeks, Ireland became the first country in the euro zone officially to stumble into recession. House prices - after rising almost threefold in the decade to 2007 - have slumped 10% in the past year, weakening Ireland's construction industry, which plays an outsized role in the country's economy. Throw in frozen credit markets, high inflation, soaring unemployment and a new tax to pay for the financial crisis bailout, and it's little wonder Ireland's workers are again pondering a move abroad. Dublin's Economic and Social Research Institute, a think tank, forecasts...
Recent immigrants to Ireland are among those wondering whether it's time to leave. Some 150,000 Poles came to Ireland in the two years after Poland joined the E.U. in 2004, for instance, but thousands are now heading home. At a recruitment fair in Dublin a few days ago, a panicked former economics student from the west of Ireland wondered if it might be time for her to leave the country, too. Unable to land a financial-services job in Ireland since graduating in May, this 24-year-old woman is now considering a move to England. "I haven...