The Irish are about to blow on this news of no retrospective bank debt deal

By Eileen Dublin: The radio is chocker full of talk back talking about financial war and middle class hakles are raised while hurleys are being polished.(Right: Obama at Hurley tryouts)

We only deserve it if we take it. There was another occasion in history when Ireland was destroyed because of the economic orthodoxy of another country and that was the famine. Have you ever wondered how they put up with it or what you would have done in their position. We are about to find out. This is the most serious injustice done to us since the famine and while we won’t starve we will see mass-immigration and we still won’t be able to pay the debt. It’s a lunatic policy to even try. No more. If FG/Lab can’t do what is required then they should resign now.
simeongrimes
So while Time magazine and others eulogize the plucky leader of the Irish people, the truth is that Enda Kenny leads a Vichy government—captive externally to creditors that still insist on loading bank debt onto the sovereign, and internally to a tribe of insiders led by union godfathers in a deal that protects the government’s own excessive pay and pensions while bankers lean over its shoulders to rewrite insolvency laws.
This isn’t just crony capitalism. It’s crony democracy.

http://online.wsj.com/article/SB10000872396390443675404578060282188578350.html?KEYWORDS=eddie+hobbs
http://www.reuters.com/article/2012/10/19/us-eurozone-germany-spain-idUSBRE89I0LN20121019
http://www.politics.ie/forum/economy/198442-reuters-merkel-says-no-back-dated-bank-recapitalisation-via-esm.html

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