We should stand on the side of Greeks seeking gifts, not the big Euro bully boys
In distress, you learn who your friends are. Chums let you down when you need them most. Solidarity is based on mutual respect, empathy and loyalty. Michael Noonan and Enda Kenny's swift public rejection of pleas for a Greek debt deal do Ireland no credit. It's another grubby episode of subservience to Germany and Angela Merkel.
A pretence that Ireland has common cause with the EU creditor countries of Germany, Finland, Netherlands and Austria is preposterous. Since joining the euro single currency, our interests have been inimical to these super rich states. Our best interests have differed at each stage of the economic cycles since 1999.
The ECB witnessed three internal conflicts over five years. When the US Federal reserve and Bank of England first cut interest rates to stimulate economic demand, Germany refused to respond - protecting savers. When others stimulated investment by quantitative easing, the ECB was the last to contemplate the move. Prolonged deflation and stagnation resulted. Today, the euro trades at 74p sterling and $1.14. Such devaluation is anathema to the Bundesbank policy over decades. Ireland needed these competitive currency moves to drive exports and tourism revenues.