Saturday 21 October 2017

Our suffering gets us nowhere, say Nobel economics laureates

Ronald Quinlan

Ronald Quinlan

PROFESSORS Joseph Stiglitz and Paul Krugman have two things in common.

They have both been the recipient of the Nobel Prize for Economics, and they both believe our Government is doing the opposite of what it needs to do when it comes to fixing the Irish economy.

Given their reputation globally, it's probably fair to say that Messrs Stiglitz and Krugman's pronouncements jar with Finance Minister Brian Lenihan and his mandarins as they persist in their efforts to convince the Irish people that they must be responsible for paying down the multibillion-euro debts of our banking system.

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