Comeback for the Celtic tiger

In 2010 Ireland almost had to declare bankruptcy. Having implemented strict austerity measures and reforms, it now looks set to rebound - as a role model for others?

However the SOI related feature says that 'Ireland's reform policies have been widely praised for helping it emerge from the crisis, but the truth is bleaker. If the government fails to get European taxpayers to assume some of the risk of its ailing banking sector, the country could soon require another bailout'.

• Primary Source

ESO: Background information: Irish budget seeks extra €3.5bn http://www.europeansources.info/record/irish-budget-seeks-extra-e3-5bn/

Spiegel Online International, 07.01.13: Ireland Lobbies to Have Europe Share Banking Risk http://www.spiegel.de/international/europe/ireland-seeks-to-have-europe-share-in-risk-of-ailing-banking-sector-a-876124.html

La Repubblica, 07.01.13: Ireland back in the green (via PressEurop) http://www.presseurop.eu/en/content/article/3239581-ireland-back-green

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