Will we just carry on in anger and decline?

IN all that has happened with our banks over the last few years there is a great moral question: “Why should the bondholders and international banks who loaned to Irish banks not take the hit for the investments/gambles they took?”

If it had all worked out fine they would pocket the profits as they did for many years before the crash. This is the unresolved question at the heart of the problems in Irish banking.

If debt will not disappear, neither will the anger that this has caused. It will manifest in some form.