Under the current system the government has to adopt some of the McCarthy proposals or else the country will be bankrupted, there's no doubt about that.
But if the state took control of the Corrib gas field massive slash and burn cuts could be avoided and public sector reform could be implemented gradually.
I don't accept the argument that this will hurt our international reputation as,
(a) This is a high revenue natural resource, completey different to most of our other dealings with multi-nationals.
(b) The minister who brokered that deal has been found out in an Irish court to be a crook.
(c) Some compensation should be given to Shell for construction work carried out.
What I can't believe is that left of centre Labour is not championing this. It along with the rest of the left parties will rightly oppose the cuts but the money has to come from somewhere.
Which is now more important pandering to an oil giant or saving our citizens from more hardship?
<Mod> This thread has been merged with "Cost of Gas deal". </Mod>