Glass half empty or glass half full? The recalculation of Ireland's 2011 deficit numbers by Eurostat - the EU statistical agency - could be "spun" in either direction.
On the negative side, Eurostat have insisted that some money injected into the banks be counted in the official deficit figures. On the plus side, excluding this, the underlying picture is a bit better than had been estimated.
Your correspondent needed a couple of cups of strong coffee...
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