The Irish bailout
It looks as though the EU and IMF have swooped in to make sure Ireland’s creditors get their money.
The Guardian is shrill:
There is a real danger of Irish society being hollowed out, with a discredited political elite holding nominal power and no legitimacy while an angry, disoriented, heavily indebted and increasingly poor population chase dwindling jobs. Ireland needs social and political renewal as much as it needs economic recovery.
… Sounds familiar.