Sunday 4 December 2016

We will survive, says Whitaker

Published 10/12/2010 | 05:00

The man credited with the creation of the modern Irish economy is "very unhappy" about Ireland's financial woes but believes we will come out the other end, he told the Irish Independent yesterday.

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TK Whitaker, a top civil servant in the Department of Finance in the 1950s, also said bodies like the IMF and ECB should not be feared.

"Of course I think we will get out of it," he said yesterday. "But I'm very unhappy there is such mess. . . a boom sets you into the wrong psychology -- you think it's going to last forever."

Mr Whitaker would not apportion blame for our current woes, but added advice from bodies like the IMF and ECB can be positive.

"I'm not going to go into the blame game -- I still have a few years to live," he said -- Mr Whitaker celebrated his 94th birthday earlier this week.

"But I do think we have to moderate our pride when taking advice. . ."

Irish Independent

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