Why hot air alone won't be enough to start the bonfire of the bondholders
'Burn the bondholders' was one of the most memorable catchphrases to emerge from the financial collapse.
A stirring slogan. It gave the illusion that the Irish were no push- overs and our leaders would fight our corner in Europe.
But it didn't amount to anything - the rallying cry proved to be stitched together with bluster and false promises, and many bondholders were paid in full at a huge and ongoing cost to the nation.