The huge defeat of the government candidate in the by-election was one sign. A massive demonstration at the weekend is another. And now comes an opinion poll showing that a substantial majority of the Irish people wants the State to default on debts to bondholders in the country’s stricken banks. Perhaps the revolt by the innocent sufferers against the world’s money-men has begun!

28-11-2010 irishdefault

But we should all beware of the consequences. Making the bankers of the world who lent irresponsibly to Irish and other property developers pay will potentially have an impacton us all. As that Irish Independent report says:

28-11-2010 irishbondrevolt

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Peter Fray
Peter Fray
Editor-in-chief of Crikey
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