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Irish Treat Pain of Crisis Like a Hangover

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THE ONLY DIFFERENCE BETWEEN IRELAND GREECE IS ENDURANCE
"What does Ireland have that Greece does not?" asks Gillian Tett in the Financial Times. "Ireland has confounded the market doomsters by embarking on a draconian programme to tackle the debt, which includes large public sector pay cuts, and resolve the bad loan problems at its banks," a far cry from the course of action in Athens. "In a sense, the crisis is being treated like a horrific new year’s day hangover: everyone knows that Ireland wildly overindulged during the credit boom, they also know that purging – if not repentance – is needed. So the nation is collectively lying on the sofa, groaning."
SOURCE:   Financial Times

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