Irish bankruptcy over billions of euros of government debt

Irish Finance Minister Brian Lenihan meeting with European Commissioner. For the Irish government is to discuss an emergency rescue plan with the European Union have been ongoing rumors.

Super billions of euros of government debt, the market worried about further Greek footsteps

Express News Recently, the Irish government is to discuss an emergency rescue plan with the European Union has been ongoing rumors, sparked speculation that Ireland could become the second after Greece's euro-zone countries receiving aid.

According to the British "Guardian", "Daily Mail" 15 reported that the current Irish government debt over 100 billion euros, this year's budget deficit to GDP ratio of 32% in urgent need of outside assistance, so as not to further Greek footsteps.

Last week, global stock markets close mostly down, one of the important reasons is the market worried about the debt crisis of a comeback in Europe, while Ireland is the first to the debt crisis.

15, Ireland, the three domestic listed banks fell to a new low price. Which fell more than 14% of the Bank of Ireland, Irish Life Bank fell 19%. As real estate prices falling sharply, some large banks in Ireland the verge of bankruptcy, in order to help these banks, government spending is expected to top 500 billion euros, for which the Government has over one hundred billion euros of debt.

Negative economic growth, the government's ability to repay debt declined sharply, investors sold heavily in the market recently the Irish government bonds.

Ireland, the main holders of government bonds is the United Kingdom, Germany, the United States and France - Recently, these countries are constantly selling the Irish government bonds, because they are constantly devalued, the risk has been increasing. Now, the main buyers only European Central Bank. (Zhang Chen)

Prime Minister denied the application for emergency relief

AP Prime Minister Brian Cowen of Ireland denied Irish evening of 15 positive EU for emergency relief. He pointed out that before the middle of next year, Ireland's capital is abundant.

Cowen said the Government was determined to come up with a solution. He said Irish Finance Minister Brian Lenihan Chinese and 16 other EU member states will finance ministers meeting in Brussels, to further discuss the current situation.

Economists: Government is still lying

Express News, according to the British "Daily Mail" 15 reported, known as "Dr. depression," Professor of Economics, University College Dublin, Ireland, wrote Morgan Kelly, the government will continue to subsidize big banks, taxpayers would have to up to 25 million pound bill pay the bill. Morgan Kelly also said that property damage is still deteriorating, but the Government is still in the preparation of a variety of lies, trying to hide the true numbers.