As Ireland faces up to its economic failings after a $111 billion European Union bailout was finalized this week, it must gather strength from its literary and artistic tradition to pull itself back from the brink, academics have argued.
The Irish government was forced to accept the EU bailout in an attempt to keep its sinking economy afloat. It also proposed a four-year austerity plan that would see the loss of as many as 25,000 public sector jobs, the implementation of pay cuts for new staff and a hike in a key tax. The measures mark a nadir for the nation once dubbed the "Celtic Tiger" because of its rapid economic growth in the decade before the global recession hit.
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