Sunday 4 December 2016

The longer we stay angry, the more difficult it will be to deal with this mess

Published 19/11/2011 | 05:00

HISTORIANS say that one of the reasons for Germany's political crises between the world wars was that people could not understand how they had lost the first one so quickly.

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The Kaiser's great army seemed to melt away, 93 years ago this month. In fact, it was already exhausted and spent, but that was not entirely clear at the time. Many Germans felt someone must have betrayed them.

There are parallels with the EU/ECB/IMF bailout (more properly, rescue) of Ireland, one year ago this month. The public finances were exhausted and spent, but that was not entirely clear at the time. There was, and is, a feeling that someone must have betrayed us.

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