Welcome to The Conservative Cave©!Join in the discussion! Click HERE to register.
0 Members and 1 Guest are viewing this topic.
Consider first today's national newspaper headlines: €90bn Irish bailout ends in turmoil (The Guardian), Fear stalks the eurozone as Ireland faces ruin (The Times), British banks hit as Irish bail-out falters (Daily Telegraph), A political storm breaks over Ireland (The Independent), and Britain pays out as Ireland implodes (Daily Mail).I cannot remember a previous occasion in which the country has featured for weeks in front page headlines (and that includes the years of the troubles in the north).Being at the heart of an international financial crisis has opened Ireland up to scrutiny by British papers as never before.It has been painful to read some of the reports, such as The Observer's piece on Sunday, From defiance to capitulation: six days that humbled Ireland and The Independent's Ghost estates and broken lives: the human cost of the Irish crash.Painful for me because I live half the year in the Republic and have witnessed at first hand the results of the Celtic tiger turning into a mouse.Even so, when I left Donegal for England in September, I did not foresee the current crisis. I imagined, like many others, that the prime minister, Brian Cowen, had adopted a sensible, if painful, strategy to avoid catastrophe. ...
I heard Ireland was having trouble getting this bailout "approved".
What a mess. After Spain, then who? Portugal?