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Mon 04 Apr 2009Irish economy awaits siren of IMF ambulance

At best, Cowen’s efforts to cure look dubious. Are we counting down to international rescue, asks PETER MURTAGH

WHAT IF it doesn’t work? What if Brian Cowen’s “third time lucky” attempt to deal with our banking and revenue crisis simply falls short of the mark (as all of the Government’s earlier efforts have)? What if the Government fails to get the economy back on track and its day-to-day spending remains hideously out of kilter with revenue? What then?

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