Ireland is going bankrupt

Republic of Ireland is going bankrupt. Ireland who is one wealthest nations in the world and the second in the europeon union behind Germany has fallen hard in times. Unlike Greece,Ireland boost a high Gpo that means a high stanard of living of 20000 pounds thats 40000 dollars.Why has a modern country fallen hard recently well during the beganning stages of the recession Ireland nationized all the banks taking up all thier debt well today thoso banks aint going that good and if they dont do they good the entire country can fall. This problen isnt just europes its global. Stocks are fallen and people are worry in investing in Ireland goods this problem can lead to a another global meltdown but like Greece the Europeon Union will bail them out.