So, the Irish economy is going to be supported by billions of pounds of loan from a central EU pot, along with around £7bn directly from the British government. At this point Football365′s Mediawatch has drawn attention to this gem of an article written by George Osborne for the Times in 2006:
A generation ago, the very idea that a British politician would go to Ireland to see how to run an economy would have been laughable…Today things are different. Ireland stands as a shining example of the art of the possible in long-term economic policymaking, and that is why I am in Dublin: to listen and to learn…They have much to teach us, if only we are willing to learn
Considering our own massive bank bailouts and quantitative easing perhaps we did really learn to manage our economy the Irish way.