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Ireland's 2011 underlying budget deficit for 2011 hits 9.4%, beating the EU target of 10.6%....

Ireland's 2011 underlying budget deficit for 2011 hits 9.4%, beating the EU target of 10.6%. You'll notice "underlying" in that first sentence - stripped out were "one-off" capital injections into the nation's banks, without which the deficit was 13.1%. Despite slowing growth, the government remains confident about hitting its 8.6% target for 2012.
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