Shane Ross: Bankers who peddled the poison

[girl gone mad]

Shane Ross: Bankers who peddled the poison
http://www.independent.ie/business/irish/bankers-who-peddled-the-poison-2448780.html

WILL our European masters or the IMF czars ever inflict the same penury on Spain as they did on Ireland? Or will they ever put Italy on the same rack?

What do you think?

Europe has ganged up with the IMF to squeeze Ireland and protect its own bankers. First, our external saviours force-fed Ireland with a juicy loan. Then, they squeezed us dry.

Europe was hell-bent on lending us the money, even keener than we were on borrowing it. They desperately desired a deal. Europe's big players feared the consequences of an Irish default. The default disease could spread from the island on to the mainland. Unchecked , it could travel not just to Portugal and Spain, but even as far as the mighty Italy. Hence the force-feeding.

Ireland was a pushover. The Irish negotiating team , led by the gentle trio of Brian Lenihan, Patrick Honohan and Matthew Elderfield, was stuffed with conventional apparatchiks deeply deferential to the European ethos. The nuts and bolts of the deal were agreed by lesser civil servants, intent on staying on the right side of the big nations.

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