Germany's real fear is Swiss competition
Published 16/05/2011 | 05:00
James Ryan misunderstands the German attitude towards Ireland (Letters, May 13). Responsibility is an important aspect of German decision-making and Irish-English concepts of fairness play no part in what is generally an assertive environment.
The Irish Government has, to all intents and purposes, admitted culpability in allowing the economy to overheat and, therefore, the imposed interest rates as they stand reflect this 100pc assumption of guilt, which is equal to an absolution of German banks' culpability.
With this issue -- German culpability -- now solved, the German administration can safely focus on more important issues than Ireland and its birthing pains.