The financial deal in the EU

The new financial corset for the Euro will have to agreed to by us in
Ireland. It is by far the least worst option. Without a balanced
budget we are in a state of dependency. After the bank guarantee, the
state is bankrupt so the ECB/IMF has been financing us. It is
unfortunate that the Sinn Fein mantas have no real basis in fact of
sensibility. WE have to play a long game and get the amount we spend
in line with the amount we take in in taxes. There just is no other
way. This is about titrating austerity,

The real meaning of austerity is that we have run out of the borrowing
road and are on life support from our donors. What we need is frank
leadership at a political level.

Any referendum is a no-brainer because we have a huge budget deficit.