Meanwhile, that $113 billion in European rescue money will only briefly pass through the accounts of the Irish state on its way to the Irish banks. ... The Irish collapse underscored the limits of the European rescue attempts so far. ..…

European Union and International Monetary Fund are providing multibillion-dollar rescue of Irish economy — on the condition that Irish working class pays the price through slashed social programs and increased regressive taxes. ... Behind the scenes, European Central Bank..…