Popular mistrust of Ireland's debt deal

More than 100,000 people protested in Ireland on Saturday against the government's austerity measures, according to union figures. The unions had feared that fewer people would turn out, in view of the agreement on reducing the country's long-term debt reached just a few days ago between the government and the European Central Bank. The left-liberal daily Irish Independent casts doubt on the long-term benefits of the agreement: "We all hope this deal is as good as we're being told it is. Like the French revolution, it's probably too early to say. And the truth is, [Irish Finance Minister] Noonan and most of his colleagues and many of the capital markets people, won't be around to find out how this works out. It is beyond their time horizon, as they say in investment circles. But for now, the Government and their supporters are euphoric, and all is well."

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