Finally facing up to our failure

Whose fault is it that the country is on the verge of bankruptcy? Inept politicians in denial, greedy bankers, panic-mongering EU leaders . . . take your pick

20th November, 2010
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After two years of ducking, diving and downright mendacity from the banks, of self delusion and wishful thinking masquerading as policy-making from the government, reality arrived in Ireland with a sickening thud. It has been a black week in the country’s history.

The consequences of two very great failures - in the systems of government and the banks - have brought the country to the brink of financial ruin.

National bankruptcy, where the...

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