Friday 22 September 2017

Meet the person who controls our finances

Government must run all of its plans by our Hungarian 'master', writes Ronald Quinlan

THE MAN IN CHARGE: Director of economic and financial affairs at the European Commission,
Istvan Szekely. Photo: David Conachy
THE MAN IN CHARGE: Director of economic and financial affairs at the European Commission, Istvan Szekely. Photo: David Conachy

FINANCE Minister Michael Noonan has said he will deliver the Government's three-year budget outlook in October in an effort to give certainty to the markets and to consumers.

What he hasn't said, however, is that before he delivers it, his ambitious plans will have to pass muster with the man whom UCD economist Morgan Kelly recently described as the EU's "proconsul" in Dublin, Dr Istvan Szekely.

And while that might sound like a mere formality given Ireland's strict adherence so far to the ambitious targets set by our EU and IMF overlords, Prof Kelly's claims in relation to Dr Szekely's negotiating style suggest otherwise.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Don't Miss