Irish Bailout Is a ‘Terrible Deal,’ Gerry Adams Says
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Following are comments about Ireland’s 85 billion-euro ($113 billion) emergency-aid package from the European Union and the International Monetary Fund. The three-year package, aimed at propping up the country’s battered banking industry and to help service its sovereign debts, will require Ireland to repay the money at an average interest rate of 5.8 percent.
The "government has negotiated a terrible deal. The decision to protect bondholders is disgraceful. The costs of this deal to ordinary people will result in hugely damaging cuts." Gerry Adams, leader of Sinn Fein, an opposition party