Sunday 4 December 2016

Brendan Keenan: Coalition has little to show for its Sisyphean labours

Published 12/04/2011 | 05:00

THERE is a character in Greek mythology who is condemned to keep rolling a huge rock up a hill. Each time he gets near the top, he is overcome and the rock rolls down.

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We are not even close to the top of the climb where the public finances are concerned, but yesterday, there was a strong sense of the rock rolling backwards.

There was a blizzard of economy forecasts and data, and none of it was good. The most noteworthy, because of who it came from, was that of the International Monetary Fund (IMF). It sees the Irish economy growing by just half a per cent this year, which is half the forecast it made six months ago.

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