Friday, 3 September 2010

The Baseline Scenario frets about Ireland

Published today in the New York Times, Simon Johnson and Peter Boone’s analysis of the Irish economy is truly scary. It demolishes the argument that growth in Q1 2010 proves Irish reforms are working. It outlines the scale of the problems that persist in the Irish banks. It identifies the coalition of vested interests working together to ensure that creditors are not forced to share the burden. Scary.

Stephen Boyd STUC

No comments:

Post a comment