Cyprus was just for starters – Ireland could provide the main course

Union rejection of €1bn in spending cuts means the Irish government find itself forced to slash public sector pay by 7%

Cyprus was just an hors d’oeuvre. Portugal is readying itself for a convulsive moment when the government attempts to bypass a constitutional court ruling that bans many of its most caustic austerity measures. The situation worsens daily in Greece. And then there is Ireland. Continue reading