The EU seems miffed that the Irish government acted what they view as a unilateral manner to deal with the situation in Ireland vis-a-vis the banks. I've personally got a lot of qualms about the way in which the government's underwriting of the banks had been handled but one thing I don't have a problem with is that they didn't wait around for the EU to have a conflab about it. As McCreevy pointed out later on member states don't have the luxury of waiting forever and a day while Brussels ponders. In truth I sense the hand of McCreevy in all this, he was in Ireland on Monday and I suspect he was consulted at least to some extent on the options.
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