Those who’ve not caught up with David McWilliams’ insightful Irish financial journalism might remember his recent television series “Addicted to Money”.  The latest post on his website is a thoughtful deconstruction of the absolutely ludicrous hoops through which Ireland is jumping, presumably for the sake of ‘saving face’ and doing ‘what is expected of it’ [or rather, expected of its taxpayers and inhabitants by the international financial community for the next generation or so].

I’m much more impressed with McWilliams’ alternative solution.