Friday 9 December 2016

Bredan Keenan: We cannot afford any sequels to this horror

The harsh truth is that if growth is any lower than forecast, the targets in the four-year plan will not be met

Published 28/11/2010 | 05:00

WOMEN, said Warren Beatty, are like city buses. There's always another one along in a minute.

  • Go To

Well, it may have been so for him, although I have to differ. Not just about women either, but about city buses as well (which I guess comes from living in Dublin). It is, however, a good example of Irish financial crises. There's always another one along in a minute.

Something will have to be done about this. To see why, one only has to look at the growth figures underpinning the four-year plan. The difficulty with fiscal corrections is that they are not just arithmetic. A government can raise taxes and cut spending, but the actual result is outside its control, because it depends on the rate of growth.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice