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DUBLIN — Ireland’s international bailout boosted its bank stocks Monday but outraged many taxpayers, who questioned why the government’s pension reserves must be ravaged as part of a deal that burdens the whole country with the mistakes of a rich elite.
Shares in Ireland’s banks rose sharply as the bailout injected cash from $89 billion in loans. Opposition leaders warned that the EU-IMF credit line’s average interest rate of 5.8 percent would be too high to repay. The Associated Press
