There is no possibility of 1.8 million workers repaying around €200 billion in debts arising from the collapse of the banking system within any reasonable time frame, outgoing president of the Irish Congress of Trade Unions Jack O'Connor has said.
In an address to the organisation's biennial delegate conference in Killarney this morning he said that so far Congress had not supported the call for default on debts. However, he said that "we may well come to do so".
http://www.irishtimes.com/newspaper/breaking/2011/0705/breaking28.html
