Ireland Callingby John Spain
- "Greed is good", especially in Ireland it seems with pillars of society on the take
- Vintage pamphlets offer a glimpse at the rules of 50s-era Irish Catholicism
- A leap of faith by Ireland, the exit from the IMF/EU bailout
- A temporary detour from ecomic issues to Irish soccer madness
- Give Britain a break after decades of Irish emigration to the UK
There has been an arctic freeze over Ireland for the past week. But despite all the snow, nothing chilled the blood here last week as much as the details of the 85 billion euro bailout that the International Monetary Fund (IMF) and the EU is giving to the Irish government.
The document containing the full details was published last Wednesday, and reading the conditions that are attached to all that money was a humbling experience.
The deal for the €85 billion euro bailout for Ireland was done last weekend, with €35 billion earmarked for the banks and €50 billion earmarked to keep the state going for the next few years.
We're getting this vast amount of money from a combination of sources, from the International Monetary Fund (IMF), the European Union and a few individual countries, including the U.K. We're even being forced into taking some of it out of our own national pension reserve.