Our two counties (CU holds both passports) are very linked in the crisis. Ireland is in a slightly worse position than the UK only because it is in the Euro and so does not have a free currency to devalue.
Here is how the Irish are making amends. Swinging cuts to defeat the deficit threat, led by the politicians. Compare to Alistair Darling's tiny efforts of today.
Yet let the truth be known, what the Irish do this year the UK may well be doing next year, post and election.