Irish flag being waved outside government buildings in Dublin
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Irish bail-out: Austerity measures announced

The Irish government has announced an increase in VAT and a drop in the minimum wage and welfare payments in an effort to reduce its deficit.

The plans will save 15bn euros (£13bn) over the next four years, with further help coming from an estimated 85bn euro EU and IMF bail-out package.

Stephanie Flanders reports from Dublin.

  • 24 Nov 2010