The following is posted by grumpylarry in the Telegraph
“The Irish it would appear are not as well served by the EMU as they would have us believe. Or could it be that they don't understand money and finance quite as well as they think. In my last blog I highlighted the problems some of their east European labour was suffering due to the downturn in the Irish economy. It would appear that the many of the 'New Irish' now find themselves broke, unable to speak the language, depending on charity to eat, struggling to keep a roof over their head or homeless, and too ashamed to go home. They may well be joined by the native inhabitants of the emerald isle, and this time they wont have the wicked British to blame…”
It is accompanied by a picture from the late 1800s or early 1900s which gives an image of abject poverty. The picture has the caption ”YOU CAN'T BLAME US THIS TIME.” The gloating is based on ignorance.
The Telegraph has never got over the fact that we are an independent people since 1921/22. Of course there are serious problems in the Irish property market. I have documented them from time to time. Nevertheless there is not a scintilla of evidence to suggest that Anglo Irish Bank, AIB or Bank of Ireland face collapse. These banks are robust and quite profitable.
It is a bit rich to listen from lectures from the UK on Irish problems.
Has not grumpylarry heard about Northern Rock, the UK bank that got a £25bn bailout from the British government recently?
Has he forgotten the Lawson boom/bust?
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