Piling Anglo losses on to national debt risks bankrupting the State - The Irish Times - Tue, Jan 20, 2009
Dr Kelly of UCD has said in todays Irish Times that the nationalisation of Anglo Irish must be stopped at all costs. He has also said that the Irish economy will contract by 20-25% before this is over and unemployment will rise to 15% this year before rising to 20% next year. Only with the onset of mass emigration will the unemployment rate stop steady.
Kids, this is serious stuff. The nationalisation of Anglo Irish can not go ahead. The international markets are now betting against us. Anglo needs to go under and we need to concentrate on the "good" banks. The vote will likely be one of the most important a TD will ever make.