Ireland Callingby John Spain
- "Greed is good", especially in Ireland it seems with pillars of society on the take
- Vintage pamphlets offer a glimpse at the rules of 50s-era Irish Catholicism
- A leap of faith by Ireland, the exit from the IMF/EU bailout
- A temporary detour from ecomic issues to Irish soccer madness
- Give Britain a break after decades of Irish emigration to the UK
Morgan Kelly, once scorned, now a prophet
We had known it was coming, because the amount had been well flagged in advance to prepare us for the worst. But even so, to hear Minister for Finance Brian Lenihan spell out the detail of the cutbacks that lie ahead of us was still a shock last week.
We’ve been talking about budget deficits and billions in cutbacks for months now. In fact there has been so much talk, with no action, that an air of unreality had developed around our economic crisis.
Last week here we had a perfect example of this. The government was having an all day meeting to decide on the four-year program of draconian cutbacks that have to be implemented.
These cuts are going to mean a severe drop in the standard of living for everyone here. There will be heavy cuts in spending on all state services, even education and health, welfare, pensions and so on.