David Quinn: Depth of recession is proof of need for moral authority
The other day, Richard Bruton had a go at the European Union over the bailout deal that it and the IMF have more or less imposed on us.
He accused the EU of "looking at Ireland like a prodigal son who must be got into line". He said it was thinking of the bond-holders first and was "taking a penal approach to the cost of money".
Actually, this would rather mean that the EU wasn't treating us like the prodigal son at all. Quite the opposite, in fact, because when the prodigal son returned home after wasting his inheritance, his father forgave him unconditionally. That's why we like the story.