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One Irishman voices the pain of losing sovereignty to the IMF

Posted on the November 24th, 2010

Writing with a fighting voice, wellknown Irish journalist and author Fintan O’Toole sadly and scaldingly recounts the current Irish government’s disgrace and surrender, in an article yesterday for openDemocracy (“Ireland: the challenge of failure” Fintan O’Toole, Nov 23, 2010).

Excerpt:

Sovereignty is a bit like a clock whose constant ticking you notice only when it stops. It becomes conspicuous in its absence. Most of the time, in an interdependent world where no nation can exist on its own, it seems a rather fuzzy concept. But it becomes crystal clear when you don’t have it.

There is nothing abstract in the sudden reality of officials from the EU and the IMF poring over the books in Merrion Street and the prospect of all big decisions on government spending and taxation having to be approved by those same bodies for years to come. A simple rule of thumb for a sovereign state is that it – and it alone – makes its own decisions about taxation and spending. For the foreseeable future, Irish governments will not pass this test.

O’Toole’s article offers an inside view of the pain and humiliation an Irish citizen is going through these days. Read full piece here.

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