Thursday 25 November 2010

"Look and learn from across the Irish Sea"...

...the 'Boy' George said, "The new global economy poses real long-term challenges to Britain, but also real opportunities for us to prosper and succeed," he wrote. "In Ireland they understand this. They have freed their markets, developed the skills of their workforce, encouraged enterprise and innovation and created a dynamic economy. They have much to teach us, if only we are willing to learn."

OK George. We have now been educated by that dynamic financial miracle that was Ireland. So why exactly are you loaning them more than our own cuts in social welfare? Why are you propping up this lame duck economy (which you once lauded and actually are emulating in your UK fiscal measures) to the scale of £7 billion (£9 billion if they default)? Why claim that the Irish defecit is around 80 billion euros when it is actually more like 200 to 300 billions? And if you know that, which you do, why offer up £9 billion our money to burn when the Irish economy is actually doomed to default?