DEFICIT SLASH: Ireland unveiled its seventh straight austerity budget Tuesday, a plan to slash 2.5 billion euros ($3.4 billion) from next year's deficit.
NORMAL BORROWING: Finance Minister Michael Noonan told lawmakers he was confident that Ireland can resume normal borrowing on bond markets at affordable rates by December, when the country's bailout funds run out. He said the Irish treasury had already "stockpiled" about 25 billion euros.
CRIPPLING COST: The move comes three years after Ireland was forced by the crippling cost of bank rescues to seek 67.5 billion euros in emergency loans from the European Union and International Monetary Fund.
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