November 17, 2010

Irish Eyes

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The latest on Ireland:

Senior European officials laid the groundwork for a bailout of Ireland that could reach €100 billion ($136 billion), saying experts would travel this week to Dublin to examine the country’s finances amid alarm about the dire straits of the Irish banking system.

I suppose this statistic is going to be splashed everywhere before long, but this is roughly 60% of Ireland’s GDP. It would be about equivalent to the United States getting a bailout of $9 trillion. Just so you know.

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We’ll say it loud and clear: No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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