Monday, 28 February 2011

Ireland: The people paying for the mistakes....

Ireland is a country in deep economic trouble with the people of the Emerald Isle having to pay for the mistakes of an incompetent Fianna Fail government and the criminal negligence of bank bosses.

The sheer size of the debt, which has meant a bailout of billions from the EU and the IMF, has placed the Irish people in an economic wilderness for years to come, with jobs and homes being lost in the process. For the first time in a generation, more Irish people are leaving their homeland than returning.

This week voters kicked out the ruling party Fianna Fail and it is Fine Gael, with the Labour Party in coalition, which will lead the country through the next few years of gloom. The next Taoiseach (prime minister) Enda Kenny, leader of Fine Gael, has pledged to renegotiate the terms of the bailout, which are so steep that it is feared the Irish economy will be strangled, along with its people.

In an article in Monday's The Independent, the paper draws attention to the bailout deal and declares: "The Irish people seem resigned to a long period of economic austerity. But they are not, rightly, resigned to endless bondage."

It is hoped that Mr Kenny, as Taoiseach, has the guts to return to the table and seek a deal that allows Ireland some respite from the mistakes of its past masters and their greedy bankers. Let's also hope that he has the cojones to pursue those who have abused their positions to amass large fortunes at the expense of the Irish people.

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