Same old strategy will keep us on our knees
Lenihan's four-year plan is a delusionary flight of fancy that will not save Ireland, writes Daniel McConnell
'There is no denying the reputational damage Ireland has endured in recent months," Finance Minister Brian Lenihan wrote in the Financial Times on Wednesday.
"In Ireland we find ourselves in an unusual position; we are negotiating entry into a programme of financial support although the economy is beginning to recover. Because of our sustained efforts to stabilise our public finances over the last two years, our budget deficit will decline to just over 9 per cent next year," he wrote.