Drastic Cuts and Punitive Interest Rates: The EU Is Pushing Ireland to the Brink of Ruin
9:31pm GMT, Sunday, 12 December 2010
The Irish government has just passed its fourth budget in two years. But the drastic savings measures it contains will not help the country’s massive debt problem. Some economists are now predicting it is only a matter of time before Ireland defaults.
SPIEGEL ONLINE - International
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