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“Continental-trade”– Even More Austerity For Ireland …
“Continental-trade”: Irish citizens must endure more crippling spending cuts and tax hikes as part of banks’ bailout.
Ireland will receive funding to the tune of €85 billion to recapitalize its banks and fund its public finances but, in return, it must impose a raft of additional austerity measures over and above those it had previously implemented including a cut in the minimum wage from €8.65 per hour to €7.65 and an increase in VAT.
Ireland’s banking system bears little correlation to the size of the nation’s economy but “Continental-