Go back to my analogy earlier in the thread.So why have we been in an ongoing, decade-plus economic depression that would far outlast any knock-on effects of the outcome you describe?
We didn't have a "decade-plus economic depression".
Paddy got a lot of overtime for a couple of years, then the overtime stopped.
The Irish Economy got a massive boost whenever the bank lending ponzi scheme was in full flow, then the ponzi scheme stopped.
Paddy blew his overtime windfall on hookers and blow, a couple of new cars on the never-never, a McMansion, shopping trips to New York, and a holiday pad in Bulgaria.
The Irish Economy blew the ponzi scheme windfall on a 50% increase in recurring spending, straight into the pockets of the PS, CS and Social Partners (who píssed it away on hookers and blow and all the other vices mentioned above).
Whenever this here overtime bubble stopped, Paddy decided that he liked the high life, so he went to the Credit Union and borrowed the equivalent of the lost overtime and píssed it away on evern more hookers and blow, etc.
The Irish Economy went to the Troika and the Draghi Put instead of the Credit Union.
Your complaint is that you were not a beneficiary of the largesse doled out to the PS/CS & Social Partners from the €120 Billion of excessive spending.
Most of the rest of us were not beneficiaries either.
But we don't whinge about it.