Tuesday, November 09, 2010

When Irish eyes are crying

I have a very strong affection for Ireland, having spent many happy days there, both sides of the border. Even during the Troubles, in the heart of Belfast, I found the hospitality outstanding.

It is thus singularly unpleasant to read this about the impending economic collapse of the country. Ireland is effectively insolvent – the next crisis will be mass home mortgage default, writes Morgan Kelly, professor of economics at University College Dublin.

The Irish people deserve better – deserved better.