http://www.irishcentral.com/topics/state+spending+is+still+between+a+third+and+a+half+more+than+the+revenue+that%27s+coming+inThere+is+a+bigger+picture IrishCentral state spending is still between a third and a half more than the revenue that's coming inThere is a bigger picture en-us http://www.irishcentral.com/story/roots/ireland_calling/broke---with-a-growing-population-125477593.html http://www.irishcentral.com/story/roots/ireland_calling/broke---with-a-growing-population-125477593.html Wed, 13 Jul 2011 05:05:05 PDT
A bustling Henry Street in Dublin We all know that if Ireland is to avoid going bust, it has to cut back on state spending very severely  Even with the cutbacks that have already been implemented, state spending is still between a third and a half more than the revenue that's coming inThere is a bigger picture, of course  The huge amount of bank debt we are carrying as a state is too much to bear, and at some point in the future the EU and the International Monetary Fund (IMF) will have to recognize that and accept some level of debt forgiveness READ MORE ]]>