I’m happy to have lost sovereignty if it means my autistic son is in school

I’M BEGINNING to think there are two bank bailouts: one for boys and one for mammies.

Economist Morgan Kelly is one of the leaders of the boys and he’s been on the rampage again, warning the University College Dublin Economics Society that the economic crisis is barely out of its starting blocks and will streak down the track when the European Central Bank puts a stop to our “sweet” credit line.

Kelly thinks the ECB is poised to clean out bad debts in European banks and will call in loans to Ireland, because Ireland is small and matters very little. Kelly says our small-to-medium businesses, which provide a huge percentage of our employment, owe €58bn, of which €33bn is for property. The Irish Examiner has estimated the figure for bad debts in that part of the SME sector at €24.5bn, so Kelly will have to justify his figures if he accepts Finance Minister Michael Noonan’s invitation to talk