I understand the (party) political reasons which are prompting the government to seek a bailout that will be labelled a bailout for our banks, rather than for the State.
But I have a question. Which do people think the man on the Irish equivalent of the Clapham omnibus (the 46A?) is more likely to accept: An IMF-approved austerity programme whose stated aim is to help the State pay back the largely foreign creditors of Irish banks? Or an IMF-approved austerity programme whose stated aim is to make sure that the State is in a position to keep our schools, health care system and social welfare programmes running?