It is time for the junior partner in this government to realise that the country needs an election. It needs to withdraw its support from the government.
There is a strong probability that the yields in the secondary market on 10 year bonds will soon exceed 7% . The cost to insure Ireland’s sovereign bonds against default has soared. The economic background is deteriorating and there is little reason to believe that this administration will be able to effectively address concerns.
The financial crisis facing the country calls for a government with a mandate to take the firm and decisive action needed.
It is time for the junior partner to acknowledge that its responsibility to the country is greater than its responsibility to the government. It is time to call for an election.