The present government mainly the senior party to it is mainly responsible for the fiasco that befalls our county. It all begun with our entry into the Euro that is going from relatively higher interest rates and relatively scarce finances to a plenty with extremely low interest rates. The Government failed to see what the consequences of this and more importantly failed to put in place a monetary policy to deal with it. It is the government duty to foresee this and to deal with it. If I remember the former, Taoiseach Bertie Ahern told such people that reminded him of the catastrophe that was around the corner to go slit their throats. The consequences were a property bubble which led to the banking collapse, an over dependence on property depend taxes and a consequence an unsustainable growth in public expenditure. Along with this Ireland became an uncompetitive place our prices frightens visitors and is frightening away the ever dependant multi nationals that we depend on for industrial sustainability. This “bubble “ syndrome is not new it has many parallels through history and the Irish one can be directly related to them in it has all the phases in the unreality of intrinsic values, a type of “mania” and gathering pace towards the end with a sudden doom. Such unrealism crept into this in that property namely building land was sold at its peak at what is now 5 to 10% of its sale value. This was not just an urban thing but it affected every village and small town in Ireland. Agricultural lands that was sold for €2 million now has a value in the region of €100,000 others ½ million now worth a few thousands and more than likely will be never build upon. In the larger urban areas, property was trading at hundreds of millions, which is now worth a fraction of this. Why the government was unable to see this happening, the question may be asked and the primary reason is FF closeness to the construction industry. Local authorities likewise had a linkage attached to planning permission in the payment of a large capital sum. This not only effected good planning decisions but also created an unsustainable filling of local government coffers. The country is littered with monstrosities as a consequence. In Cork, one has to look at the concrete jungle at Denny’s Cross and Victoria Cross. We may also look at where the original finances originated in these “bond holders” and make them share in the irresponsibility that took place. The last 6 to 7 yrs we have lived in a large “ponzi scheme” our wealth was spending directly these foreign borrowings. It’s now pay back time, the party is over, it’s now back to reality and unchartered territory for Ireland in it has lost its banking sector.