Yeah not just Ireland.
Apparently it will be announced tomorrow that RBS has made a loss of £30 billion. That's three times as much as HBOS that caused such a panic last week.
The UK simply can't afford to pay off all the debts of its financial institutions.
Iceland was bankruptcy-lite in comparison because it was small enough to bail out.
Neither America, Germany, the IMF, Japan, China nor anyone else has the means to bail out the UK, Ireland, Eastern Europe, Austria, Greece, Spain and goodness know where else even if they wanted to.
We are heading for total global economic collapse.
Money may become worthless. Anarchy might be the result, or war.