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How much worse can it get?

HOW much worse can it get? Friday's shocking news that Anglo Irish Bank may need up to €7.5bn of the taxpayers' money caused barely a ripple of outrage in a country that has been bludgeoned senseless by the scale of its financial collapse.

Brian Cowen, the Taoiseach, says we have no choice but to hand over the cash. "Anglo Irish Bank is a bank of systemic importance... this economy could not withstand the failure of a bank of that magnitude and the consequent impact that would have on other banks and the financial system. You just could not even contemplate it."

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