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De Volkskrant - Netherlands | Monday, December 16, 2013

Ireland has survived, the crisis continues

Ireland left the euro bailout programme on Sunday. But the price it paid was high, the left-liberal daily De Volkskrant comments: "For three years the Irish had to put up with humiliating visits from the troika. For three years they did what the troika said: raised taxes, cut spending, pulled billions out of the economy. Now growth has returned, there's more prosperity, more exports, more jobs. One could see the official end of the bailout programme as an affirmation of the ideas of the men and women who thought up austerity, whose ideas a nasty American economist once compared with cockroaches that you try to flush down the toilet: 'They keep coming back.' ... But the crisis is not over by a long shot. In some crisis countries - like Greece - hardly anything is growing apart from joblessness, mistrust and anger."

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