Irish corruption threatens EU and European project

Slowly but surely EU officials are beginning to realise how virulent the Irish corruption disease really is as it begins to not only infect the Euro but threatens to bring down the entire EU project.

But EU officials are only fooling themselves if they think the €85 billion offered tonight to recapitalise the banks and fund the public finances will be enough.

According to Prof. Brian Lucy of Trinity College the total bill, which I believe is down to our corrupt political system, will be about €250 billion, I’ll just repeat that – €250 billion.

I think Brussels is making a serious mistake by under funding the Irish bailout because if it fails the domino effect will accelerate and threaten Portugal and perhaps even Spain.

If that happens, it’s goodbye Euro.

3 thoughts on “Irish corruption threatens EU and European project”

  1. There is no doubt that that is exactly what will happen. Euro – severe austerity +
    Bur hey we should all shoulder the burden for we have made this mess….we should not have been so greedy !

  2. It would not surprise me if this whole shebang about the danger to the Euro and pleasing the bond markets is a conspiracy of forces sympathetic to the views of the U.S. Republican Party.

    The US is in decline and the Republicans don’t like it one bit. Anything that would deal a blow to the Euro or the so called European project would be pleasing to them.

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