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Ireland to bail out 3 banks, costing billions and renewing fears over deficit

Ireland to bail out 3 banks, costing billions and renewing fears over deficit
DUBLIN – The Irish government fueled new fears about Europe’s financial health Thursday by announcing a mammoth bailout of several major banks involving as much money as the country expects to collect in tax revenue over the next year and a half. Ireland – Business – Anglo Irish Bank – Financial Services – European Union
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Greek Socialist leader George Papandreou on Sunday pledged to “turn a page” on the economic malaise of the previous administration after his victory in snap elections that ousted the scandal-ridden conservative government.
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