Saturday 3 December 2016

Brendan Keenan: We have to find our way out of this mess one step at a time

Published 10/11/2011 | 05:00

I HAVE seen the future, but I'm not so sure that it will work. This bending of the famous quotation, from the not quite so famous Canadian journalist Robert Fulford, pretty much sums up reaction to last week's medium-term fiscal review.

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The idea was that we would see the future and be reassured that it would work. Michael Noonan has taken the advice of sundry bodies, from Moody's rating agency to this column, to let people know what lies ahead of them.

It would be going too far to say that we have nothing to fear but fear itself. There is lots to be fearful about. The fear which may have prompted Mr Noonan to this course of action, though, is the quite widespread belief in imminent economic collapse.

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