Thursday, December 30, 2010

2010 - Year In Review Part 7

Ah 2010 - the year that we finally figured out that Ireland was flat broke. We kind of knew that we were in trouble when this all first kicked off in 2008 and rumours of spending cuts and tax increases were spreading. A couple of property developers combined with reckless lending by the main banks have brought this country to it's knees and have saddled the taxpayers with debts that we will be paying for years to come.

One of the main problems with the bailout was that government ministers denied it right up to a day or two beforehand. The defining moment for me was during the press conference announcing the bailout when TV3's Vincent Browne vented the anger of a nation at Brian Cowen. He said what we were all thinking!

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