Re: Well, bears in the woods etc.
They were actually high interest LOANS not grant aid. Not a cent was written down. The bail out is a whole other kettle of corporate fish. The Irish were effectively forced to borrow vast amounts of money under the "no banker left behind" policy.
Don't worry, other EU tax payers got or are getting that back, with hefty interest and avoided their banks going bang as a result.
Biting the hand that feeds IT
