OK, there is a possibility of bailing out the banks/state. I know we need Irish banks, however we're bailing out Anglo, IN - should we net just sell these banks?
What would you pay for something that owes over 100 billion euro? Or maybe more accurately, something that might owe that much, but doesn't really know how much they owe.
Yes, I think there is an element of cleansing here for the taxpayer generally. We will now at lst have a 'no bull****' analysis of our fiscal problems and indeptedness explained in bullet points by the IMF. They will provide a non recourse solution. We will accept it and move on. There is a depression out there that the public cant remove the current gov as well, operating without a mandate..