Ireland has had a well documented, rather turbulent recent economic history. Following on from the bursting of the property bubble and the attendant banking collapse, an extraordinarily myopic political decision to nationalise the exposure of the banks led to a sovereign debt crisis, and, ultimately, a bailout from the troika of the IMF, ECB and European Commission. Apart from the loss of money, there was plenty dramatic wailing about the loss of National Sovereignty, and references to the War of Independence and the heroes of 1916 and ‘is this what they died for?’ rhetoric. There was even a nuance to the sovereignty question, in that the country had lost her economic sovereignty, whatever that meant.
Now, politics has always had an uneasy alliance with the propriety of language, bending it to its will as any situation may have seen fit. The distinction between economic sovereignty, and other sovereignty, one supposes, is that while we’re not necessarily allowed to award pay rises to civil servants, we are still permitted to invade England. At least we have that, I guess. Of course, the extent to which we are – truly – permitted to invade England is limited in exactly the same way as our freedom to spend money has been limited. It is not a flat prohibition on action through coercive or other power that has limited what Ireland as a State can do; it is the threat of exclusion from international systems upon which we have become irrevocably dependent that limits our action.
State Legitimacy 