Ireland's bail-out: Your views

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The Republic of Ireland will receive a bail-out worth around 85bn euros ($113bn; £72bn).

European minister agreed to the deal that will see 35bn euros supporting the Irish banking system with the remaining 50bn euros going towards the government's day-to-day spending.

An average interest rate of 5.8% will be payable on the loans, above the 5.2% paid by Greece for its bail-out. The Taoiseach, Brian Cowen, said it was the "best available deal for Ireland".

BBC News website readers have sent in their reactions to the bail-out plan.

Comments from the Republic of Ireland

I was at the protest [on Saturday] in Dublin and I spoke to a massive amount of people and not one of them wanted this loan. Every choice this government makes just makes things worse for the little man. They only want what is best for themselves and not us the average man.

Ian George Holden, Stadbally, Waterford

It's just sickening - a problem that was created by the government, due to lack of governance and one which the Irish people shall have to pay for, for who knows how long. How long before this injection of funds runs out and we're in trouble again? No one really knows, the government need to bow out and join the growing dole queues.

Kate Kelleher, Tipperary

The best thing Ireland can do now is leave the eurozone and re-adopt the Irish punt, work closer with Britain and as little as possible with the European mainland. It makes no sense to be part of the eurozone when the only countries which really profit through it are Germany and France, thus leaving the others paralysed who are made to rely on financial injections coupled with high interest rates so they can balance their books. The reality is that these countries will never be able to balance their books with enormous debts looming over them. The next question is which will be the next country to receive financial injections in a never-ending roundabout of debt.

David-Peter, Limerick

It was unfortunately the only show in town and as much as people hate that we gave away our sovereignty to Europe, it really came down to a case of being damned if we do, damned if we don't. At least this way we can at least pay the bills for the next few years. If there is any possible silver lining to this nightmare situation, it's that Spain, Italy and/or France are also going to need money as well, and there is not even close to enough money in any of the funds that have been set up to fix their debt problems too. Somebody is going to either default or end up pulling out of the euro. Europe really doesn't have a clue how to fix this situation; they are putting plasters on the situation that is far bigger than any of them can comprehend. At least for the moment the spotlight is off Ireland, next up Portugal - good luck!

Una, Ireland

This government should not be paid any further salaries as of now. If any ordinary person messed up their job as badly as these guys have, they would be sacked immediately. No more wasting money on propping up a bank system that has clearly failed. It is time for a new system that makes the bankers pay for their mistakes, not the ordinary person. It is time to stand up and say NO.

Nuala C, Derry

We should have got a better deal and let the bondholders suffer a bit. The reason they get interest is that there is a chance they won't get their money back. In this case, they made a bad investment and should make a loss. Making the taxpayers and their children pay it back is just going to put off the day when the country goes bust. It would be better to default now, and if we have to cut public sector pay, and child benefit to do it, at least we would be living within our means and could come out of this stronger.

Aidan, Dublin

Comments from the rest of the world

I'm an Irish citizen living in Northern Ireland and I am appalled and outraged by the bail-out of greedy, selfish bankers and developers who will get away completely with their destructive selfishness while ordinary working people in Ireland will suffer hugely by the draconian cuts. Those who fuelled the reckless lending should be made to pay for their behaviour. And the markets should be made to wait as long as it takes to get their money to give the Irish government a chance to reboot the economy. The budget cuts will do nothing to develop recovery. In fact they will make it take even longer and be far more painful than it needs be. The wealthy will always protect its own, and politicians will make sure they don't have to pay.

Janet Thornton, Kilcoo, Northern Ireland

I am one of the several thousand civil servants who may lose their jobs in the near future. The cost of these losses, I am led to believe, is approximately £7bn - that's about the same we are about to give away. So Ireland's jobs and banks are saved to the detriment of UK jobs. How perverse is this, especially as we are not even in the eurozone? Ireland was battered by its political elite to join the euro so therefore should now put up with its outcomes. It would appear whichever party is in power, they will lie and mislead us. The sooner we ditch Europe and stand alone, the better.

Derek Dudley, Bicester, UK

How can our government bail another country out and make huge cuts in its own? Our money should be used here - despite the banks' best efforts to cripple us and we have to pay. I'm a public service worker and the cuts are threatening frontline jobs within the emergency services which affect the public who blame us, but those staff are still expected to give the same service on a reduced budget which means less staff doing more work under more pressure and we are doing that now! This is madness. Who voted these jokers in? Not me.

Sharron Norman, Newbridge, Wales, UK

If you can't help out your next door neighbour, what are you about? Whilst I don't necessarily agree with some of Eire's politics, it is only morally right that the UK should stand up and be counted at a time of our neighbour's difficulties putting past problems aside. Together we will succeed and be a better partnership than anyone could have predicted almost 100 years ago. I hasten to add, I am neither Irish or British in birth and can see both sides of all arguments on the "Irish Issue" and sometimes I am dismayed at the leaders on both sides of the Irish Sea cannot be more pro-active in their common goals.

Klaus Smith, Rugby, Warwickshire, UK

And what happens when they can't afford to pay back the loan? Countries like Ireland and Italy should never have been included in the euro, but that was a time when everyone was riding on economic prosperity and Ireland, Italy, Greece, Spain and Portugal were relying on EU handouts rather than their own economy. The euro is also holding back economic recovery in the powerhouses of Europe by taking away their monetary policies. It's great when the good times are rolling, but when the backs are to the wall, those countries not able to pull their weight are, and have been, quickly found out. Unfortunately there isn't much that can be done apart from bail-outs. Expelling them, or them leaving the euro, would simply do far more damage than good so it's now a case of the lesser of two evils.

Simon, Brisbane, Australia

The Ireland bail-out is only temporary. In the long run, this is going to be a major threat for the euro itself. The Ireland bail-out shall be followed by Portugal and then Spain, etc. This is not a good sign for the euro in the short-term as well as the long-term. This shall eventually increase the value of the US dollar. I do not see any benefit for the euro and I also feel that each and every nation under the eurozone should be able to withstand themselves without disturbing the European Central Bank or the International Monetary Fund.

Paul Christian, Abu Dhabi

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