Sharing is Caring

Amidst the staggering news flow of the past few weeks, Ireland’s debt crisis and its status in the Eurozone, has been relatively low on the international agenda, but potentially epoch making for Irish people. Ultimately, Ireland will have to default on some of its obligations – they have grown (and will continue to grow) to the point where they are simply too great to sustain. The new coalition government needs to play their hand with subtle aggression. Burden sharing is a compulsory goal, but it should be sought in the first instance for good behaviour – follow through on public sector reform, austerity and hitting economic growth targets. The nuclear option of non-payment and euro withdrawal should be held in the background. //Read More