Dublin to unveil deep austerity plan as Germany warns euro 'at stake'

In a race against time, or at least against the 'bond vigilantes', the Irish government is to publish a stiff austerity plan on Wednesday afternoon whose drafting was supervised to by the EU-IMF troika.

The plan, which will involve €15 billion in spending cuts and tax hikes, is the sacrifice being demanded by the European Commission, the European Central Bank and the International Monetary Fund in return for tens of billions in loans aiming to recapitalise the country's bleeding banks a...