Live Breaking News & Updates on Kit tow bail

>> reporter: everyone in this crowd knows rough times are on the way. to get the loan, the irish government has to slash spendi spending. it's going to lay off almost 25,000 public sector workers, lower the minimum wage, increase taxes, and trim health care budgets. ireland is the second european country this year to need an emergency loan from its neighbors and the imf. in may, greece needed one worth $145 billion. and now economists worry if portugal and spain are next there won't be enough money in the kit tow bail them out. worst-case scenario it's european currency, the your oh, which was only introduced in 1999, might collapse. that's a catastrophe european politicians are determined to avoid. >> a permanent crisis resolution mechanism current in the euro

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