Thursday 8 December 2016

James Downey: Government needs some new year resolve for drastic reform

Published 05/01/2013 | 05:00

EAMON Gilmore welcomed in the new year this week with a forecast of economic recovery by the end of 2013. Let's hope he's right.

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The Tanaiste does have some evidence to back up his prediction. Our shattered public finances have improved a little bit. Live Register numbers have fallen marginally. The news from the United States and Europe is fairly good, or at any rate not too bad.

Let's glance at this news for a minute. At the very last moment, the American Senate looked over the "fiscal cliff" and stepped back. It was not such a victory for Barack Obama as it appeared. Indeed, the Republicans could have claimed a victory on taxes for the ultra-rich, but they seemed too dim to realise it.

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