Is Ireland sinking again? 87,000 emigrate and unemployment still 14.6 percent
George Soros believes Iceland not Ireland had the right response
It is beginning to look like that Vietnam analogy where they had to destroy the village to save it.
How much more can the Irish taxpayers take? Yet there was no sign of an easing in the European banks position last week when they simply told the Irish leader Enda Kenny that his proposed plan to extend repayments out over a much longer period would not fly.
The sad part is that Kenny and other leaders for the foreseeable future will be going cap in hand to Europe, the new imperial power in Ireland, seeking relief from the crushing financial burdens.
The harsh reality is that the cure may well be killing the patient in Ireland, or making him even more ill at least.
It will take an uncommon political courage to acknowledge that reality and insist on a new deal with Europe that focuses on fairness and ability to pay.
However, it may well come down to that if the downward spiral of unemployment and emigration continues.
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