The Celtic Tiger Is Exhausted06:22
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The Irish Flag flies alongside the European Union flag outside the Customs Building, Dublin. (AP)
The Irish Flag flies alongside the European Union flag outside the Customs Building, Dublin. (AP)

Ireland has taken over three banks and is expected to take over more in a massive bailout, but Dublin is adamant that it does not need help from the European Union. After bailing out banks in Greece, the E.U. is worried that Ireland's woes will spread to other E.U. nations. How much of Ireland's recent progress was just froth? The BBC's Evan Davis has the story of the Celtic Tiger that is no more.

This segment aired on November 17, 2010.

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