Why Fine Gael's "chicken little" act doesn't add up.

Brian Hayes, junior minister for propoganda

Does this sound familiar "If we don't do this, we'll be out of the EU,
and we'll be back to the days when we had nothing"?  
Nice? Lisbon? Yes, they trotted it out then, and before, and they are reheating this "chicken-little" scare tactic once more.

The latest is junior minister Brian Hayes telling us that we must
"clear the debts or go back under Britain's skirts."
Apart from the foolishness of playing the 'Britain card' so soon after
the visit of Lizzy Windsor, the threat was rubbish.
The Minister managed of course to present the only options as paying off all the debts, including those of the zombie banks, or leaving the euro, losing our sovereignty (as if it was being bravely defended now).
This is utter crap, which is nothing new from politicians, but it is also dangerous.
This country should not pay for bankers debts, and also CANNOT pay for them, not unless it is forever strung out, by 'deals' that piece by piece privatise everything possible, while reducing living standards to something similar to Poland or Turkey.   

Ireland in Debt. Hostage to fortune, or just plain hostage?

We have been repeatedly told that "we" lost the run of ourselves, that "we" all partied, blew the boom, and now "we" are dependent on the "kindness of strangers".

This is a dangerous lie, designed to make us feel guilt rather than justifiable anger at the banking crisis.

The banks didn't fall apart because of people not paying their home mortgages, it was their reckless lending to speculators, and over-borrowing from the bond markets that landed them in trouble.  It's nothing to do with the average John or Mary on the street, the vast majority of whom continue to pay their mortgages even in these tough times.

Irish Examiner

Most of the deficit is caused by the fact that we borrowed money to help out the banks. These banks borrowed ridiculous amounts of money from the bond market in order to lend it out to the property developers who didn't know when to stop.