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Ireland is a bitterly divided country

June 8th, 2011

The rich get richer and the poor get – laid off, according to the Depression-era song ‘Ain’t We Got Fun’.

And in modern-Depression-era Ireland, the same thing seems to be happening. As shops close, businesses fail and dole queues lengthen (CSO figures), news comes of a €200 million pay-out to Anglo-Irish Bank bondholders. And not for the first time.

What about all that electioneering rhetoric about burning the bond-holders, renegotiating the interest rate on Ireland’s bailout debt, and giving a fairer deal for all the people?

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