Meanwhile, Capital Tiptoes Towards the Exit...

TCD Professor Kevin O'Rourke, no relation (and no "raving left loonie"), says of our bank rescue arrangements:

Of course ordinary French and German taxpayers are going to be angry at lending their money to an insolvent state with lower tax rates than their own. Why wouldn’t they be ?

Of course ordinary Irish taxpayers are going to be angry at having to pay for high interest loans designed to bail out foreign banks. Why wouldn’t they be ?

And while ordinary Europeans get angry with each other, with unpredictable political consequences, capital walks away scot free.

(Commenter "zhou_enlai" on irisheconomy.ie inspired the title of this post)