Capitalist crisis & default - Can Ireland Go it Alone?

Alan Morkan
Mon, 24 Jan 2011 10:46:59 +0000
Capitalist crisis, IMF, Economy, National, Newspaper, Analysis

As the scale of the debts loaded onto the Irish people became clear, the calls for defaulting became louder. The moral argument for default is certainly strong: why should Irish workers pay for the poor decisions of Irish and European capitalists? But justified though it may be, would defaulting cause more pain than gain?