The Gang of Ten

By Seán Whelan Economics Correspondent The good news from Olivier  Blanchard, the chief economist of the IMF and main author of its World Economic Outlook, is that only ten advanced countries have such big debt and deficit problems that they cannot avoid taking action to deal with them. The bad news is that Ireland is one of them.  And more bad news – so is America.  Ditto for Britain.  And Japan.  And six other euro zone states. So that’s us …