The International Monetary Fund approved $2.11 billion in bailout funds for Ireland, Reuters's Glenn Somerville and Tim Ahmann report. The money is part of a broader bailout package and due to the Irish governor's "resolute implementaton" of an austerity program to control its government and bank debt. The IMF noted Ireland's economy looks like its improving and some debt reorganization is "ahead of schedule."
Ireland has already gotten $123 billion in bailout money from the IMF with the European Union and bilateral loands from the U.K., Sweden and Denmark.
Above, a December protest in Dublin shows not everyone is happy with the austerity plan.
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