Call me cynical, but it doesn't look like the UK is doing much better than its neighbour. It's true, Ireland's in trouble. And yes, it's going to cost us all. As the Guardian reported, the cost to the UK taxpayer of bailing out the Irish economy will be in excess of £7bn. Not only this, but other EU countries such as Portugal already fear Ireland's toxic debt will have a contagion effect. But in many ways, the UK is in a worse situation.
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