Debt and denial
Published 02/09/2011 | 05:00
•The scale of denial Irish people are in to claim, as some do, that not all of us benefited from the excess of the Celtic Tiger and therefore shouldn't allow debt forgiveness almost beggars belief, were it not for the fact we are dealing with Irish people. Denial is our forte.
Every person in Ireland benefited in one way or another. They either sold land at massive profits, or they sold a family home and made a killing, passing on a whopping mortgage to a younger couple in the process, or they got a massive public sector pay rise, or a massive public sector pension rise, or a massive rise in child benefits or housing allowance or whatever other state benefits they were entitled to.
They charged astounding professional fees, got huge bonuses, or they had an SSIA, or they were able to avail of 'free' third-level and thereby fund private secondary-level education, or they were simply able to access a bank loan, credit card, overdraft or credit union loan that they would never have been able to before.