IRELAND: Brian Lenihan and the emperor’s new clothes
Symptoms are the physical signs of an underlying problem. At the moment
the Irish economy has a series of symptoms which would send the average
doctor fleeing to the hills. But according to Brian Lenihan everything
is stable and the economy is fine thank you very much. Of course Mr
Lenihan’s analysis was designed for the press and to settle the nerves
of the international speculators. The role of the press being to
present the public face the government wants to portray to the middle
class and the working class. But now after only a few days, the Irish
government faces more problems as the interest rates they have to pay
on their Government Bonds hits record highs. Lenihan’s claims have been
proven as worthless.
