In response to comments made by Enda Kenny at the World Economic Forum in Davos that the Irish people went mad borrowing during the boom years professional holy man Fr Sean Healy demands the accurate analysis of the causes of the Irish debt mountain and the recognition of the fact, Fr Sean Healy says, that the Irish debt is actually the debt of reckless and gambling German and French banks. Fr Sean Healy goes on to explain that as long as we can't established this fact we can't make other pay for our debt.
Now this is another interesting analyses in line with Gerry Burke and Professore Ed Walsh. Isn't it about time the government takes a position to these claims. I mean are the German and French banks responsible for the mess we are in? If so they did an excellent job in hiding in the underground. The firts time I have heard about German banks in Ireland was when the Irish Depfa bank plc in the IFSC was rescued by the German taxpayer to the tune of €150bn. I always heard about Irish, British and US banks. There is almost no evidence for Fr Sean Healy expert analyses and he still seems to know better.
Enda it's time to tell us the truth what's going on? I agree with Sean Healy in that we need an accurate analysis, one way or another. The Nyberg report doesn't cut it.



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