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There is no safety in these numbers

Last week's deal between the Irish Government and the ECB/EU/IMF troika -- the details of which continue to trickle down from the stratospheric heights of secretive bureaucracies to the lowly taxpayers -- has been anything but a rescue for our battered economy.

Far from providing a resolution to Ireland's financial and fiscal crises, it made the restructuring of our banks' debt inevitable, no matter what the conditions underlying the deal says.

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