Tuesday 23 January 2018

We have no duty to pay debts of international gamblers

While stopping short of unilaterally defaulting, the time has come to renegotiate with our creditors, says John Crown

"Si vis pacem, para bellum -- If you want peace, prepare for war"

-- Vegetius

To read some of the commentary over the last week, one would be forgiven for reaching the conclusion that Ireland was about to be plunged headlong into a full-scale, but highly asymmetrical, economic war against an array of powerful international adversaries. The images conjured up included hostile foreigners impounding our airliners and middle-class people in Dublin foraging for food in dustbins.

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