Friday 9 December 2016

Politicians will waffle until hole gets deeper

Published 11/05/2011 | 09:35

PROFESSOR Morgan Kelly is correct, we should reject the crippling bailout and stop digging an ever-deeper financial hole for ourselves. Besides, we have no moral right to bequeath such a burden to posterity.

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Even leaving the euro for a devalued punt may cause suffering in the short term, but it could be our only salvation by doubling our agro-food exports and tourism. Unemployment and emigration would halve, it might even restore our self-respect in time for 2016. Unfortunately our politicians will waffle on as usual until it all collapses in an even deeper hole.

JOHN-PATRICK BELL MANORHAMILTON, CO LEITRIM

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