December 18th, 2010
Reuters: Just over half of Irish people support a multi-billion euro EU/IMF rescue package but 56 percent believe the country has surrendered its sovereignty by accepting the assistance, a poll published on Saturday said. Follow up:
Ireland was forced to resort to the IMF, the European Union and European Central Bank to negotiate an 85 billion euro (72 billion pound) loan after a banking sector crisis drove the economy into the ground and sent ripples across the wider euro zone.
Irish taxpayers face years of spending cuts and tax hikes, as part of a four-year austerity drive designed to squeeze 15 billion euros from the worst deficit in Europe, beginning with 2011 budget's record package of 6 billion euros in adjustments. Read more.....