Ireland swallows bitter pill, asks EU for loan

A massive EU & US (IMF) loan to solve a problem created by excessive debt. A predictable conclusion within a tranparent plot that had the media "guessing" all last week.

Debt-crippled Ireland formally applied Sunday for a massive EU-IMF loan to stem the flight of capital from its banks, joining Greece in a step unthinkable only a few years ago when Ireland was a booming Celtic Tiger and the economic envy of Europe.

Source: finance.yahoo.com