‘Skoda’ fiscal model has a very familiar look

MAYBE the irony is lost on your columnist Ivan Yates (November 11), but Skoda didn’t reinvent itself, it was taken over and run by the Germans.

His talk of inevitable debt default is one thing. Were that to happen the Government would suddenly have to run the country on €30 billion a year.

After all, who is going to continue to lend €20bn a year to overpay civil servants in the certain knowledge it will never be repaid.