As a result of the Minster of Finance’s announcement on the 30th of September
Ireland now faces a highly competitive, low-cost, low credit, web-interconnected, transnational and level-taxation based environment. Ireland must grow up and move on. It is time for fresh ideas and fresh action. It is time for leadership, courage and vision. It is time for ineffective sound bites to be replaced by effective strategic and tactical practicality. It is time for foresight not panic. Hopefully the Irish people will wake up from their consensus trance and force the political elite to stop bailing out corrupt banking institutions and to start to save what’s left for its future, not continue to be slaves to the bankrupt past.
The Nation should not be sacrificed for the Fianna Fail party.
Enterprise not bureaucracy must be championed and an educated young workforce given hope, rather than an emigration ticket. Whether this wake-up call will be headed is anybody’s guess. Increasingly the trend in Euro land is for Brussels to call the shots over local “sovereign” parliaments. (See link) In this crisis this development has turned out not to be beneficial. Local politicians have thus opted to pass the buck rather than courageously face up to the challenges. However, in Ireland, it would appear an end game is shaping up.
There is a limit to the level of borrowing the country can run up particularly with exploding interest costs. Should the Irish political system continue to prove it incapable of restructuring its bloated public service and semi-state expenditure it is inevitable that at some stage the IMF, probably through the auspices of the European Central Bank, will wade in and directly instruct the Irish Department of Finance to act. Civil service wage rates “a la Greece” will be slashed. Semi-state assets will be auctioned. Banks will be vulture acquired. Roads will be leased. Hospitals privatised. Ports sold. Air-space loaned. Co-ops hypothecated. Media stations mortgaged. Was this meant to be the legacy of Collins and Lemass and deValera? Was this meant to be the future, handed down to out progeny? Surely it is time, once and for all, for this shambles to stop.
Surely the Nation matters most, Ladies and Gentlemen of the Dail ?
Well put. There’s now a link to this page on Rule Hibernia Thumbs Up.