YOU CANNOT ESCAPE the ominous prospect of a major meltdown in both the Irish banking sector and with the state of public finance in Ireland. Portions of the theme runs through three major Irish Sunday newspapers today. Nearly every commentator thinks Anglo-Irish bank is a black hole. And every small business owner I know has problems keeping lines of credit open with local bank managers. The cost of Ireland's depressing budget deficit means my child now owes the State €46,641 before she starts working. Some of that money goes to pay pensions to serving politicians. With each passing day, I'm thankful that the current government coalition is so delicate that a simple delay in taxi service through Dublin could result in a failed government vote and a snap general election. In my humble opinion, it's what Ireland needs.
Direct link to Qik clip: http://qik.com/video/6293255
Direct link to 10-minute MP3: http://www.insideview.ie/files/100425.mp3
Last Week: "Qik work of Sunday Independent", 18 April 2010.
