Wednesday 25 April 2018

We muddled through and survived - but austerity has taken its toll

While most of us sleepwalked into a nightmare of financial disaster a decade ago, some saw it coming and predicted its cost, writes Liam Collins

The last ten years have taken their toll on many sections of society. It's still taking it on some. (stock image)
The last ten years have taken their toll on many sections of society. It's still taking it on some. (stock image)
Liam Collins

Liam Collins

When I missed a mortgage payment and had to put €3,000 on the credit card to pay college fees for one of the kids, I knew that financially I was in real trouble.

The worst part of it was that I had seen it coming from early 2007 - or rather a very wise political acquaintance nobody wanted to listen to had been hammering home the message "This is all going to end badly".

Looking back on the so-called lost decade, I cannot but ruefully reflect that Brian Lenihan's much derided claim that "we all partied" has a ring of truth.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Today's news headlines, directly to your inbox every morning.

Don't Miss