The Irish and Greeks should default on their 'debts'

It is looking very likely that the Greeks will default on their debt (extortion money, more like) and if the Irish have any sense, they'll be thinking along similar lines.

One would hope that these countries would meet behind closed doors and consider what action they can take to counter the bankster threats (and those of their politico lackeys) so as to prevent their slide into economic oblivion and EU serfdom.

Der Spiegal has been castigated by German politicos for writing an article which spills the beans on Greece's potential Euro exit, but the German government's denials are as plausible as were Ireland's and Portugal's when they insisted that they were not seeking EU bailouts.

In a stunningly well-written piece, Professor Morgan Kelly, of University College Dublin, explains exactly why Ireland should exit the Euro and cut its banks loose.

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• Oh masters, let us bow in celebration of your care - John Drennan