Ireland'S 2009 budget deficit totalled 14.3% of GDP, EU says

[Fides]

You can say that again. How can an investor ignore the fact that we did had the largest deficit in the EU?! I doubt some will bother to go further into the "details" after that. It's black and white.

Or indeed what idiot lent all the money to the Greeks.

And yet the rest of us are going to bail them out. Wouldn't it be better if we put them out of business (by not bailing them out0 given how poor at investing they are? We would be doing the world a favour.

[cozzy121]

Or indeed what idiot lent all the money to the Greeks.

And yet the rest of us are going to bail them out. Wouldn't it be better if we put them out of business (by not bailing them out0 given how poor at investing they are? We would be doing the world a favour.

Correction, the rest of the eurozone will have to bail them out.
WE will have to borrow more to contribute to the bailout so WE can look for a bailout in a few months time.
You're "doing the world a favour" request will soon be applied to Ireland.

[hammer]

If Ireland received a bailout who would distribute the money and/or what would it be used for ? Would it just pay down National Debt ?

[Dreaded_Estate]

If Ireland received a bailout who would distribute the money and/or what would it be used for ? Would it just pay down National Debt ?

The EU/IMF bailouts are just loans they would be added to the national debt.