Friday, April 1, 2011

Ireland hopes fifth bailout will end the years of corruption and greed

Taxpayers have borne the cost of the country s failure to face up to the truth

For more than two years, Ireland has been paralysed by a financial crisis, and this week submitted itself to a fifth bank bailout since 2008, a move that will lead to the nationalisation of all six Irish banks before a restructuring that will see four of them mothballed forever.

It was an extraordinary watershed and coupled with last year s €85bn bailout by the International Monetary Fund (IMF) and the

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