Irish Government Reaps Reward for Exiting the EU/IMF/ECB ‘Bailout’

Calling it a bailout was never a good idea as it was anything but a bailout. The loans provided by the European Union, European Central Bank and the International Monetary Fund to the Irish Government had two main purposes: to keep the Euro currency alive and to allow Ireland to repay French and German banks and bond-holders who were owed billions by the bankrupt Irish banks. The fact that the Irish Government needed the cash to meet the wage-bill of the ridiculous numbers of public and civil servants employed by this tiny country was very much incidental. The EU/EBC/IMF had … Continue reading Irish Government Reaps Reward for Exiting the EU/IMF/ECB ‘Bailout’