Confidence in action

Ireland's debt/GDP

How much will we owe in 2012? Ireland’s Debt/GDP reached a record low of 25% in 2006. At the end of 2009, it stood at 66%, as the government went on a borrowing spree to bail out banks while tax revenues plummeted. Our gross debt ratio is projected to rise to 84% by end 2010.… Continue reading Confidence in action

The Unelected Government

Yesterday two hundred economists met in Dublin to discuss the future of the nation. I happened to find myself in Buswell’s Hotel, opposite Leinster House, when the economists retired for refreshments after their meeting. The meeting was addressed by Colm McCarthy, the UCD economist heading An Bord Snip Nua. It says something about our government’s… Continue reading The Unelected Government