Ireland eclipses Greece in budget-deficit league
Ireland recorded the largest budget deficit in the EU last year, eclipsing even Greece.
The Government's debt ratio had shown as 11.8% of GDP, but has now risen to 14.3% for 2009, with the reclassification of the €4bn pumped into Anglo Irish bank as capital spending, to blame.
The same result is expected this year, because of the additional €8.3bn given to Anglo.
