Wednesday, July 08, 2009

Ireland - The drift into national bankruptcy looks increasingly unstoppable

Instead of recognising bankers and developers as parasites on our national prosperity, the Government came to see them as its source. While everyone else in Ireland has come to see the past decade as an embarrassing episode of collective insanity to be put behind us as soon as possible, the Government still sees it as the high point of our nation’s history. Nama is effectively Fianna Fáil’s shrine to the bubble, and likely to be an expensive and enduring one.

Prepare to pay 10 per cent more in income tax for the next 10 years to pay for NAMA

Read On...




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