Media’s hyping of Celtic Tiger contributed to economic collapse

Your columnist Michael Clifford rightly condemns the “same old political promises”, but he ignores the elephant in the room: media hype [Irish Examiner, January 3].

The media narrative against austerity is ignoring the post-boom collapse and the present national over-borrowing.

The national bankruptcy of 2010, from which recovery is still not certain, is highlighted by this country’s €80bn bailout, €65bn of which was funded by foreigners.