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Nobody is addressing the terms of the loan - the fact that the amount of the 'bailout' (not for Ireland, for the banks who lent to us!) of 67.5bn (not counting 17.5bn we are contributing - decimating our pension reserve fund) is not going to allow us to proceed an 'orderly restructuring' (aka default) in 2014. In fact we will need in the order of 152 bn to get to 2014.
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