BERTIE AHERN
(Bartholomew Patrick Ahern)
Ireland’s economy crashed in the Meltdown of 2008 and its Banks failed causing the rest of the economy to crash.
The high level of educational attainment and a good telecommunications infrastructure made Ireland a major high technology world power whose exports of software in 2000 were second only to the United States.
When the Meltdown hit America, the crisis drew attention to the fiscal solvency and stability of banks in most of the world. The Irish banks were much more overextended than those of most counties and when that came to light there was a bank panic in Ireland. Ahern and the Irish Dail (parliament) decided to bail out the Irish bank at a very great cost to the rest of the Irish economy and people. He believed if Lehman Brothers had been bailed out, as America did with other institutions, the Irish bank bubble would not have burst. It is not known whether he actually meant to use the word “testicles” or he made a gaff intending to use the word “tentacles”. Both have relevant meaning in the situation with a significant shade of difference in meaning between the two.
Bartholomew Patrick "Bertie" Ahern is an Irish former Fianna Fáil politician who served as Taoiseach from 1997 to 2008, Leader of Fianna Fáil from 1994 to 2008, Leader of the Opposition from 1994 to 1997, Tánaiste and Minister for Arts, Culture and the Gaeltacht from November 1994 to December 1994, Deputy Leader of Fianna Fáil from 1992 to 1994, Minister for Industry and Commerce in January 1993, Minister for Finance from 1991 to 1994, Minister for Labour from 1987 to 1991, Government Chief Whip and Minister of State at the Department of Defence from March 1982 to December 1982 and Lord Mayor of Dublin from 1986 to 1987. He served as a Teachta Dála (TD) from 1977 to 2011.