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REPRESENTATIVES FROM THE European Commission, European Central Bank and International Monetary Fund are in Ireland today to conduct a bailout review.
The Troika are expected to focus on Budget 2012 and deficit-busting measures, during talks taking place over the next ten days, RTÉ reports.
Although Ireland is ahead of its targets for this stage of the bailout plan, it has been suggested that adjustments of a further €3.5bn may be necessary in order to close the country’s deficit to the target of 8.6 per cent of GDP.
The talks come amid growing fears over the eurozone debt crisis – which have been eased somewhat by an announcement by France and Germany to introduce a coordinated plan to bolster Europe’s banks to withstand a possible government bond default by Greece.
Nicolas Sarkozy and Angela Merkel said that the plan, to be presented by the end of the month, would also outline how to prevent contagion that could threaten other heavily indebted eurozone nations.
The Irish Independent reports that sources have indicated the government is going to ask for leniency on certain terms such as cuts to social welfare and income tax increases.
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Hats off to these chaps.Real heroes.
and chapesses….
Why the red thumbs to your true true comment?
I wonder if this indicates that people don’t give our waterways the respect that they give to our seas?
Because some people were born A holes and some learned how to be A holes
You’re simply the best.
Royal National Lifeboat Institution
One of the few organizations doing great work on both sides of the border…
What about Sinn Fein?
What about it?
Not surprised Lough Ree was the busiest. Very dangerous lake if you don’t know it, full of hire cruisers in the hands of tourists let loose on the river with only ten minutes training.
Well done to all the RNLI crews. It takes some dedication to leave your warm beds on a wet stormy night and put out to sea to save others. These volunteers dont get half the credit they deserve.
Hero’s every one of them.
Agree John even though I was one of those tourists. Hired a small cruiser a few years ago for a week with the wife. Couldn’t believe how bad it got while crossing Lough Ree, it was worse than been out at sea!
Great organisation. Would love to have the time to be a crew member.
Don’t leave your money to the ungrateful kids leave to the RNLI!!
I’d love to have the sea legs for it. I get seasick looking at a boat.
Bravo, a very cheering tale after reading about the carry-on of some of our citizens.
Real heroes!
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