Sir, – Donal Donovan (Opinion, May 9th) is economical with the truth and presents an unconvincing analysis. In his praise for ongoing measures to reduce the budget deficit (measures which disproportionately hit the lower paid in our society), he omits the fact of no small relevance that the Irish people are paying more per head towards the bailout of private banks (native and foreign) than any other EU country and that this is our main expense “going forward”.
In my opinion this is why we have record unemployment, miserable growth and a hopeless future. Mr Donovan appears to agree with the German Bundesbank that governments and the citizens they represent should pay for the losses of private banks. Does he (and his set) think that the rest of us in this failed, bailed State (and beyond) will acquiesce to this injustice indefinitely? I don’t.
In Ireland we need to restore the faith of our citizens in the management of their country before any meaningful recovery happens.
This mess will certainly end, hopefully sooner than later, better peacefully than violently, in our finally mustering the national guts to once again properly regulate our own financial institutions and in our telling the international chancers to find another set of losers. – Yours, etc,
NICOLAS CLIFTON
The Beeches,
Monkstown Valley,
Co Dublin.