Ireland's bailout is set at 114 billion but many Irish are not grateful. Tens of thousands took to the streets in Dublin to protest cuts in the welfare programs and public sector jobs. Ireland will have to lay off nearly 10% of their private sector workers. They will have to implement a four year $20 billion tax increase. State pensions and minimum wage will also be lowered.
In the past two years Ireland's economy has shrunk 15%, larger than any other European economy.
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