As taxes keep rising,seemingly grinding taxpayers into the ground and as front line government services are cut despite tax increases,the stage should be set for the emergence of a new right wing party. Would weary taxpayers welcome a party offering a tax cutting agenda and demanding negotiations for government debt restructuring? With cuts in public sector pay to private sector levels,maybe €5 billion could be saved, while large scale public sector redundancies could save billions more given a successful drive to computerise administration. Interest on the national debt could be cut by billions if the government succeeded in demands on creditors for debt restucturing to cut interest rates on the national debt and extend debt maturities to 30 years or more. It is likely the government would receive the backing of Spain,Italy and Greece in this negotiation. There is a precedent for this in the "Brady Bonds" rescue of South American countries,principally Mexico and Brazil, that were threatened with insolvency in the late 1980s.