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EU officials and the IMF will be police plan Ireland warned that if targets are not met, then he will refuse to euro area loans for a total of ￡ 72billion over three years to increases in tax and spending cuts are intensified.

Middle class Irish families faced with the loss of low paid workers for a total of 50 per cent of the workforce, and tax credits will begin to pay taxes for the first time.

The current level of entry to the income tax is ￡ 15,506 for a single person and ￡ 27,071 for a married couple with children, thresholds to increase during the next four years.

The Ireland minimum wage is cut 13 per cent and all Irish households facing a new tax property ￡ 257 from 2012. Well-being, including the allocation of jobseekers and children, benefit payments will cut 5% or ￡ 2.5 billion.

Breaking a previous agreement with Irish unions, the public sector wage is cut by 847 million pounds with 27,000 jobs in the public service has lost.

"It seems that accounts arrived," said David Begg, head of the Irish Congress of Trade Unions. ""The barbarians are at the gates."

To preserve low the Ireland corporate tax rates, new banking withdrawals will be proposed as an alternative to ward off the France and the Germany pressures to increase the imposition of the Irish capital gains by 12.5%.

The low, compared to 34 per cent in France and Germany, 30 corporate tax rate is regarded as a red line best hope Ireland rapid growth by the Irish Government.

Alongside austerity and the European Union program bailout is signed off the coast of Ireland Government will move quickly resume Allied Irish Banks and the Bank of the Ireland.

EU is worried about the fate of 111 billion pounds of reserves of the ECB pumped into the Irish banking sector to keep afloat.

Shares plunging and a flight of capital will cause the intervention of the month next Government, with 5.2 billion from ￡ in species of the first slice of bailout EU put in AIB both of the Commission of inquiry.

The two banks were the first to meet the team of EU - IMF inspectors on arrival in Dublin last Friday.

Up to ￡ 43billion EU bailout has been reserved at the shore of the banks will be required to maintain the ratio of capital to 10.5%.

Wolfgang Sch?uble, Minister of finance Germany, warned that the Ireland must pass and adhere to its programme austerity or in danger of the euro.

"Uncertainty is the future of our play money", he said. "If we cannot defend our common currency as a stable currency permanently the consequences would be far-reaching.?

But the political uncertainty continues to surround the spending cuts and tax rises as Irish opposition refused to commit to a critique of next year's budget support.

Despite a rebellion fizzling Fianna Fail against Brian Cowen, the Prime Minister of Ireland, because of bad news for mounting on existing banking crisis, its majority Government will be lost after a by-election in Donegal tomorrow.

Olli Rehn, Commissioner of the EU economic and Monetary Affairs, said that cuts are "essential" that Ireland should bite the bullet.

"" Let's get and live, "he said."

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