#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: 8°C Wednesday 20 October 2021
Advertisement

Poll: Is Kenny right - did people go 'mad with borrowing'?

Enda Kenny has caused a political storm after his comments at the World Economic Forum in Davos. But is he right?

Image: Michel Euler/AP

TAOISEACH ENDA KENNY has found himself at the receiving end of some political fury after divisive comments made at the World Economic Forum in Switzerland yesterday.

Speaking during a panel discussion in Davos, Kenny remarked that Ireland’s economic boom had turned to bust because “people went mad with borrowing”, adding:

“The extent of personal credit, personal wealth created on credit, was done between people, banks – a system that spawned greed to a point where this went out of control completely with a spectacular crash.”

The remarks have prompted defence from his backbenchers but ire from the opposition, who point out that the remarks seem to conflict with his pre-Budget statement that the Irish public were “not responsible for this crisis”.

Today we want to ask whether you think the Taoiseach was right – whether in fact the Irish public did go “mad with borrowing”, taking more credit than it could afford to pay back, or whether it downfall was the result of a select few.

Put simply: did Ireland go “mad with borrowing”?


Poll Results:

Yes (3333)
No (1595)
I don't know (120)



Read: Criticism of Taoiseach’s ‘mad with borrowing’ comments is ‘a bit silly’ – FG TD

About the author:

Gavan Reilly

Read next:

COMMENTS (363)