With their economy taking a hammering, Ireland's banking system has virtually collapsed and left financial institutions almost totally reliant on the European Central Bank, which has extended 100 billion Euros to date, for funds to continue their daily business. As the All Blacks already know, things are rather grim in Ireland just now.Īny All Blacks flicking through their TV channels or newspapers after arriving in Dublin on Sunday will have soon realised just how fortunate New Zealand has been to avoid some major carnage following the global downturn.
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