Tuesday, November 23, 2010

Irish Government Meltdown!

Telegraph: Reports on the falling apart of the Irish Coalition Government and the threat of an early election and that the Irish Parliament will not pass its Austerity Budget as a condition of the EU/IMF bailout. It time for the Irish politicians to grown up, if Dublin wants a bailout from the EU/IMF/UK then it has to have a severe austerity budget, it does not have any options, it could default on its debt but that would throw the Irish economy back in to the stone age and take the EU with it, the good years are over folks, the politicians of Ireland have committed economic treason, they have sold Irish Sovereignty so they are liked by fellow EU countries. The cost will not fall on the shoulders of the politicians or the bankers it never does, that is the real world, the good Irish people will face European contempt for a while, but they will get up, clean off the mess of humiliation and move on, the Irish always come back, but lets hope they have learned an important lesson, don’t trust the EU.
 

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