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Is is all the fault of Fianna fail now, what?
Yes, Fine Gael and Labour and the greens and the Progressive Democrats were all a bunch of communists.
The buck has to stop somewhere. Killing the Irish economy to punish the Irish for electing crooked politicians is both overkill and collective punishment.
Austerity can only be implemented in the shadow of a concentration camp.
In any case the primary losers now are the poor, old, sick and unemployed, few, if any of whom bear any responsibility for the crisis.
Index of Frank's Diaries
Incidentally, why shouldn't Ireland pursue countercyclical fiscal policy? Because the current German line is that they shouldn't.
Labour wouldn't quite know how to find one way, never mind three...
Index of Frank's Diaries
Here's my simplified story about the Irish economy:
I call Godwin!
I would be very careful with that call. Were one to ignore the rampant short-sighted, self-serving stupidity employed by so many in their response to the Irish debt crisis, one could construct a narrative composed of the long litany of macro-economic policies and ECB decisions that have consistently been favorable to Germany and unfavorable to the periphery that Germany is attempting to achieve by economics what they could not achieve by military force 70 years ago. That would be worthy of a Godwin call. (I in fact believe that it is a group of wealthy individuals and those who serve them in several countries that, not entirely coherently, is advancing such a goal in their somewhat collective self interest.)
As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
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