The EU/IMF program stole Ireland's Christmas. Just like in Greece, the people are on the streets to protest. Paul Krugman outlines nicely how the Irish Crisis is – just like the Greek Crisis – a botched goverment action that citizens now have to finance with dramatic spending cuts (and tax increases).
Just like in Greece, the simple solution would be to give up on the Euro, devalue dramatically and bring back the old Irish currency, the Punt. The costs keeping the Euro a clear – they are outlined in the new EU/IMF package. What are the costs of bringing back the Punt?
