The consensus of almost everyone, from mainstream economists to the man on the street was (and continues to be) that the Irish bank bailout was insane. Bailing

The consensus of almost everyone, from mainstream economists to the man on the street was (and continues to be) that the Irish bank bailout was insane. Bailing out unsecured bank bond holders is madness. There was some extremely murky political reasons why the bailout happened[1]. Debt-to-GDP ratio has skyrocketed to north of 125% (from well under 100% and yearly surpluses), huge unemployment etc. [1] http://www.vanityfair.com/business/features/2011/03/michael-lewis-ireland-201103 http://www.vanityfair.com/business/features/2011/03/michael-...