Ireland has buried itself under a self-created avalanche of debt.
An IMF CommissionECB rescue troika is providing an €85 billion facility to dig us out, but this is an interest-bearing loan, conditional in nature - and not guaranteed to succeed.
Its conditions are a recovery plan that will suck €15 billion out of the economy over the next four years, an upfront budget adjustment of €6 billion in December and further terms to be set...
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