We have one trump card, but we failed to play it

REMEMBER that moment when you accepted the EU/IMF bailout was an absolute certainty, and only a matter of time?

For me it came at the exact instant I heard Brian Cowen say it was never going to happen. We are so terribly accustomed to our elected officials lying with every breath we now take it for granted the truth is the very opposite to what they say.

But let’s look at this bailout for a second.