Teribus If you want to accept government propoganda as truth you are free to do so, I know that your so called facts are rubbish so we must agree to disagree.
"After having exited and repaid the bailout loan the Republic of Ireland had to borrow money from international markets to fund the country for the coming year (2014) THAT is what has created the level of debt Ireland currently has (124% of GDP) and THAT is why the "austerity" bandwagon still trundles on - S.F.A. to do with bailed out banks, bond holders or Goldman Sachs."
the austerity band wagon carries on as a result of the initial refusal to burn the bond holders, if the bond holders had not been bailed out, Irelands situation would be different.