Ireland does have to do more cuts, it does have to reform its public sector pay scale, and it is going to have to do so in a way that will continue to drive the domestic economy into a deepening downward spiral if it wishes to sustain European support, which it now cannot survive economically without.

As the rest of the world looks with shock at what went wrong in Ireland and as Irish anger grows, it is time to refocus discussion on what Ireland can do for itself.

Mark Blyth, of Austerity fame and the Watson Institute, has a Scot's vernacular gift for clarifying economics. Is the situation explosive? "You've ...

Portugal, Ireland and Greece may yet be able to ride out the storm if austerity works. But if it does not, more drastic solutions might be called for.

The EU Commission has called the Irish government's Four Year Plan a "cornerstone" of the bailout package currently under discussion between Ireland, ...

Nobody knows what is coming next, but one thing is clear: Ireland is rudderless and adrift in mid-Atlantic. We are looking for a bailout. And it appears that we are drifting towards Washington.

After reading of a Irish government response to its financial crisis that involves free cheese (though probably better cheese the US distributed in a ...