Take a look at the YouTube video below for a frank and concise account of the causes of the current economic troubles in Ireland delivered in layman's terms (the explanation posited in this video is probably valid as an explanation for the economic troubles seen over the past few years in the USA, UK, Portugal, Spain, Italy, Greece and pretty much everwhere).
An Irishman abroad tells it like it is !! :-)
An Irishman abroad tells it like it is !! :-)