Zombie Republic of Ireland (2010-2013)

Tonight, on #promnight, the winding-up has been announced of the Zombie Republic of Ireland, formed in 2010 when the former sovereign state became a ward of the Bundestag’s finance committee. The end-of-life processes of the former Republic were accompanied by rushed late night decision-making and ill-considered legislation. The death notice, issued from ECB President Jean-Claude Trichet, has never been made public. The zombie successor state was artificially kept in an animated state as a toxic repository where 1% of the EUs population has been assigned 42% of the European banking debt. Tonight, this European banking debt is poised to be consolidated as sovereign debt in late-night … Read more