Ireland's Voters Ready to Confront Rest of Euro ZoneSubmitted by bobbyw24 on Wed, 01/26/2011 - 07:49
By PAUL HANNON
Whenever it happens, Ireland's general election will mark the first clash between the desires of voters in a euro-zone nation that is in receipt of help from its brethren, and the declared interests of the currency area as a whole.
At the heart of that conflict will be a blanket guarantee made by the outgoing government to pay back international holders of all bonds issued by Irish banks should they fail.
Most Irish voters blame the banks for their nation's spectacular fall from economic grace in recent years. While bankers are hardly the most popular people in most post-crisis democracies, in Ireland they are viewed in an even less favorable light, and stand accused of something bordering on economic treason.