Cut in bailout rate will provide cold comfort
Published 11/04/2011 | 05:00
They say we will get a cut in the interest rate on our bailout next June. Aw shucks, I'm choked! It just might happen that my great-grandchildren will not be saddled with repaying Ireland's borrowings to bail out the gamblers.
Perhaps that 'pain' will end with my grandchildren or, with tremendous effort, when my children are pensioners (without a pension as we raided that fund way back in their infancy).
This knowledge will undoubtedly be comforting during all the austerity budgets to come.