Yet another indictment of our architects of destruction
Cowen and Ahern, through their negligence, incompetence and recklessness, have wrecked the economy, writes Daniel McConnell
Published 25/07/2010 | 05:00
Another week, and another report telling us how Ireland's economy was ruined. "The experience of recent years shows the very high cost of pursuing bad economic policies," the ESRI's Recovery Scenarios for Ireland told us.
"The depth of Ireland's recession and the massive funding crisis in the Irish banking system have necessitated swingeing interventions to stabilise the government deficit," it added.
Bad economic policies -- including the fuelling of the most pronounced property boom in western Europe, the huge expansion of useless quangos and the skewing of our tax system -- placed Ireland back among the list of European rogue states. Bad policies pursued by former Taoiseach Bertie Ahern and his successor and former Finance Minister Brian Cowen.