Irelands fiscal problems are coming to the fore again in Europe as the Government wrestles with the Anglo Irish Bank bailout and preparations for a new round of budget cutbacks.
Two years on from the near- death of the banking system, the road ahead is no less dangerous, with market confidence at stake in every single political manoeuvre.
Minister for Finance Brian Lenihan won plaudits from his EU colleagues for his swift efforts to calm the budget deficit, his painful spending cuts portrayed as precisely the sort of action that the Greek authorities should have taken to prevent their economy from falling into the abyss.
For more: Ireland's dependence on Europe has become a one-way street - The Irish Times - Tue, Sep 07, 2010
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