The post you are reporting:
It is in the Irish Constitution, which is in relative terms a modern document, to hold a referendum on almost everything. The people decide which way to go, which way to jump on all decisions. I think the inspiration must have come from the French Revolution. However as we have seen in recent years the various referenda have not fessed up the final say, as in previous times...the hand of big brother now holds sway in the shape of the European Union.
The EU has been good for Ireland generally, but as we have seen 'twas all boom and then bust. Ireland borrowed like mad when borrowing was cheap, as did everywhere else, but when the financial influenza spread across the world from the west they were caught out and couldnt service the debt.
However I think the economy was essentially sound underneath, but the debt was crippling. Banks got in allsorts of a mess, one particular bank that I have a lowly account in over there had to hive off half of their portfolio, including yours truly's few bob, as part of the agreement for government bail out. The re-organisation was widespread and stringent.
But now as we seen they have followed the guidelines since the EU bailout and are recovering.
