Thursday 8 December 2016

Reality tells us we can't accept Noonan sums

There's far too much uncertainty around for people to have confidence in what Noonan is telling us, writes Jody Corcoran

Published 03/07/2011 | 05:00

CONFIDENCE PUSH: Minister for Finance Michael Noonan, right, and Minister for Public
Expenditure and Reform Brendan Howlin aim to encourage spending. Photo: David Conachy
CONFIDENCE PUSH: Minister for Finance Michael Noonan, right, and Minister for Public Expenditure and Reform Brendan Howlin aim to encourage spending. Photo: David Conachy

This time last year Michael Noonan accused the Government of "talking up the economy" -- and, as it turned out, that was precisely what it was doing.

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You may remember the late Brian Lenihan at the time, irredeemably upbeat, exhorting us to spend to help the recovery on its way.

To make his point, Lenihan used to point to the apparently huge sums languishing in bank accounts around the country -- over €130bn, apparently.

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