Monday 22 January 2018

Ireland could learn a lot from Reagan and Thatcher in our current plight

• On St Patrick's Day this year as I watched the demolition of Tom Court at the hand of the English front row, a middle-aged man trying to push his way to the bar to order a round of drinks tipped me on the shoulder and said to me in a joyous tone how great it was to have our freedom. It got me thinking about how far from reality many Irish people now find themselves.

As it stands, our banks are on a slippery slope towards extinction due to the fact that the European base rate is fixed by people and not markets. Our banks are crying out for deposits and have begun to offer larger interest on savings than they are taking in on loans. This can only lead to one thing. It is time to allow the markets to dictate what interest rates should be before the next major crisis.

With democracy hanging in the balance all over Europe and civil liberties being trampled upon I wonder how long it will be before the politically numb generation stands up for itself?

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