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Polityka Online - Poland | Monday, November 15, 2010

Solid budget, weak banks

Despite its debt crisis Ireland cannot be compared with the countries of Southeast Europe, as it has always had a solid budget policy until now, writes the online edition of the news magazine Polityka: "Even though the majority of the countries in the Eurozone are now struggling with their budget deficits, they can't all be put in the same boat regarding creditworthiness. In contrast to Greece, Italy and Portugal, Ireland has had a reasonable budget policy and kept its budget deficit in check for years now. It is considerably more competitive than Greece, Portugal and Spain, and its citizens are well-educated. The origins of its current drama lie far more with its disorderly bank sector."

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