Cons, why is ireland in a financial crisis?

Not a con, but there crisis stems from the fact the government is guaranteeing all banks solvency when there are many losses due to the housing market downturn.Cons, why is ireland in a financial crisis?
They're part of the ever failing EU, I mean if your largest export is Guinness you might have a problem. However I heard that before things went south they were doing well.
probably has something to do with the libs and entitlementsCons, why is ireland in a financial crisis?
Liberalism.
Because of LiberalismCons, why is ireland in a financial crisis?
My guess is warm beer.

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