Cost of banks rescue is nearly 40bn pounds

The video discusses Ireland's financial crisis, focusing on the unfinished Anglo Irish Bank HQ as a symbol of the country's economic troubles. It highlights the culture of easy loans that led to a systemic threat to Ireland's financial stability. The government bailout of Anglo Irish Bank is expected to cost taxpayers at least £25 billion, potentially increasing the deficit to 32% of GDP. The video also covers the impact on retail, with high rents and economic downturn leading to public anger and concern. The government's previous predictions of a soft landing were proven wrong, leading to significant economic challenges.

What impact did the financial crisis have on the retail sector in Dublin?

What were the predictions made by Ireland's government regarding the economic situation at the end of the boom?