Anti-deflation has unintended gain for SMEs

The celebrated State debt relief Taoiseach Enda Kenny sold to the media is a mirage that has been replaced by ‘loose money’ to be given to banks to lend to small businesses.

The motivation is not justice for the Irish, who bore more than their share in saving the Euro. There is no justice in Europe, apart from ‘might is right’, and any action that might benefit us by making the banking system lend to small business is motivated by fear of deflation, not fair play.

The farcical banking inquiry is politically motivated and will serve the ECB in hiding the truth.