Ireland prepares to say no. What then for the EU? A Courageous State?

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As is widely reported today, Ireland is to hold a referendum on the EU's austerity and bailout plans that would lead to a lost generation in Ireland.

The Irish already know that austerity does not work. It does not solve economic problems. It does not solve the problem of zombie banks.

The pressure on the people of Ireland to accept austerity will be enormous.

They have to say no.

This crisis was not created by the people of Ireland. It was created by some politicians, the world's economics profession and bankers with whom they were in cahoots. Now we need to sort out banking, sort out economics and sort out politics.

I call that the action of a Courageous State.

Might Ireland lead the way to a Courageous State?