Don't sacrifice credibility on altar of political expediency
Ireland has come a long way since the troika bailout, so it would be a shame to damage our international reputation by throwing prudence out the window.
On Saturday, October 11, 2008, the front-page headline in the Financial Times blared: Market Crash Shakes World'. It was accompanied by a quartet of photographs depicting shocked traders in Tokyo, Frankfurt, London and New York as they digested the week-long dive in equity markets, which had matched the Great Crash of 1929.
British authorities warned that the world's financial system was on the verge of collapse, and the growing panic intensified the pressure for a coordinated rescue by...
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