It has been reported today that Alec Finn's Greek bouzouki has been refused a bailout by the ECB after running up debts of more than €29.1 billion.
De Danann founder member Finn was informed of the news yesterday afternoon after the bouzouki had applied to the ECB to cover the costs of thousands of sets of strings, a quick-draw capo and a trip to Las Vegas it took on its own earlier in the year.
The bouzouki has defended itself, saying that its Greek origins are working against and causing people's prejudices to come to the fore.
"This wouldn't happen to an Irish bouzouki. I'm feeling marginalised simply because of where I come from. Greece has had a major influence on politics and banking for thousands of years and all I'm asking for is a bit of cash."
"Some people might think it a bit strange that a bouzouki can think and talk for itself but if were an inanimate object and you'd been on some of the crazy tours I've been on and to some of the maddest Irish music parties you'd start talking too."
The bouzouki has been accused by the ECB of taking liberties with its owner's credit card with luxurious trips to Las Vegas, running up a large tab in Blonde's in Miltown Malbay and buying the movie rights to the De Danann story.
Musicians around the country have come out in support of the Greek bouzouki, however a few dissenting voices remain.
"It's not even a real instrument!", said Tony MacMahon.