Austerity-hit Ireland is poster boy for euro bailout
- Published: 27/11/2011 at 04:32 PM
- Online news: World
Hammered by austerity measures a year after a massive EU-IMF bailout, Ireland is now being hailed as a eurozone poster boy for the way it is coming to terms with the consequences of its boom to bust.
Shoppers walk past a sale sign on O'Connell Street in Dublin. Hammered by austerity measures a year after a massive EU-IMF bailout, Ireland is now being hailed as a eurozone poster boy for the way it is coming to terms with the consequences of its boom to bust.
As the government implements cuts and tax hikes under its bailout programme, German Chancellor Angela Merkel has praised Ireland as a "superb example" of how a country can work its way out of a debt crisis.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
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