Ireland, relying on the kindness of strangers


Ireland faced a painful choice between imposing a resolution on banks that were too big to save or becoming insolvent, and, for whatever reason, chose the latter. Sovereign nations get to make policy choices, and we are no longer a sovereign nation in any meaningful sense of that term.

If you thought the bank bailout was bad, wait until the mortgage defaults hit home – The Irish Times – Mon, Nov 08, 2010.

A horrendous article to read for an Irishman abroad with friends and family still there.

The vision that springs to mind is Ewen McGregor on cold Turkey in Trainspotting after all the great times have gone away.

Let’s hope it doesn’t really get that bad.

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