The ICTU thinks Ireland doesn’t need the EU’s help. “We still have up to 20 million until July 2011 and 25 million in sovereign wealth fund” explained an ICTU economist. On this at least, unions and the government agree. On Monday, November 15th, rumor had it that the Brian Cowen administration was getting ready to request €80bn from the European Stabilization Fund created by the countries in the euro zone after the crisis of the Greek sovereign debt. But the government denies this, saying that it can finance itself until mid-2011.
ee. On Monday, November 15th, rumor had it that the Brian Cowen administration was getting ready to request €80bn from the European Stabilization Fund created by the countries in the euro zone after the crisis of the Greek sovereign debt. But the government denies this, saying that it can finance itself until mid-2011.
Deficit. Since last week, Ireland is under pressure from the markets that are afraid that the country won’t be able to raise its public deficit, which went up to 32% of GDP this
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