No pay cuts at bank - Testing our patience

DESPITE considerable provocation, Irish people have not gone the way of the Greeks and taken to the streets to protest against impositions that are plainly unfair and morally indefensible.

This society is staggering under the weight of debt imposed to repay those who supported the banks’ reckless gambling. This burden is unsustainable and unless it is lifted in some way then we will be in a very tight and destructive bind for years to come.

Despite all of this, there have been no pay cuts at Anglo Irish Bank or at its successor. This, and the fact that, more than three years since the banking collapse, no-one has been brought to court, suggests that someone somewhere thinks our patience is infinite. Do we have to behave like Greeks before they realise it is not?