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Ireland's euro commitment tested by emigration and endless austerity Add to ...

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“Ireland will again stand as a full member of the euro zone,” said Enda Kenny, the Irish Prime Minister, as he gave his fellow citizens a collective pat on the back for making Ireland the first nation to successfully exit an EU bailout program. Instead of celebration, however, he gave warning that graduation from the sick bay to the recovery ward did not entitle the Irish to more helpings of pudding. Austerity will continue for the Irish for years to come; a sharp contrast with Germany where the new coalition government is promising a program of rampant spending, a reduction in the retirement age and more and bigger snacks for everyone.

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