I am confident that the Irish people realise that is it extremely important in the long run to be competitive and prove what they have proved in the past that they are able to cope with difficult periods.
Jean-Claude Trichet, president of the European Central Bank (ECB)
This statement tells me a number of things.
That EU officials have swallowed, hook, line and sinker, the government line that Irish citizens are compliant, loyal citizens more than willing to make any sacrifice to save their economy.
That Irish citizens have full trust in the competence and good intentions of their political leaders.
That EU officials have no inkling whatsoever of how corrupt the Irish political and administrative system is.
That the Irish financial crisis is under control and resources can now be safely switched to dealing with Portugal and Spain.
That they have no idea what’s coming down the tracks.