Irish flag being waved outside government buildings in Dublin
Media playback is unsupported on your device

Irish bail-out: Austerity measures announced

24 November 2010 Last updated at 21:01 GMT

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.