Sunday 11 December 2016

We need to stay the course because there are no shortcuts to recovery

Snake-oil solutions to our economic woes will muddy the pre-election debate on Ireland Inc, says Colm McCarthy

Published 02/01/2011 | 05:00

THE New Year will likely see a new government and the opportunity to consider whether there are fresh approaches to economic policy which might improve the pretty grim outlook for the Irish economy. Peddlers of snake-oil solutions tend to surface on these occasions and it is useful to run through a list of policies which won't work, or which could even make things worse. Expect all of them to be promoted vigorously over the next couple of months.

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Why not leave the euro?

Some people seem to think that Ireland still has a currency and that it could be devalued or hitched to some weaker alternative, such as sterling or even the dollar, thus providing a softer option through a painless boost to competitiveness.

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