Hoping to be Bankrupt for Christmas …

first printed in IrishCentral on December 14, 2013 The New York Times has thrown cold water onto the success story that is Ireland. It has challenged the public perception peddled by Irish politicians that we are the ‘good boy’ of Europe and that ‘austerity politics are serving us well’. In fact, nothing could be further from the truth and what is emerging today in Ireland is a two tier society with the those in control enjoying large pensions, fat salaries and ‘top-ups’ to their income, while the middle classes have largely been eradicated and along with the poor are faced with stealth taxes; taxes applied universally so that proportionately the less well-off are hit harder.   Emigration numbers are at famine levels, suicides now number two a day and some 40percent of all households have no disposal income at the beginning of each month.   I can personally attest to the direct impact of austerity on Ireland and I can see no light at the end of the tunnel.  Six years ago a perfect storm of divorce and recession left me with a mortgage of €1million on a house worth half that. I accumulated huge legal fees (my divorce lawyer […]

Continue reading