Wednesday 7 December 2016

What have we achieved so far before we go any further?

Published 30/01/2014 | 02:30

THE most damning indictment of Christopher Columbus in the famous epigram is that, when he got back from his great voyage, he did not know where he'd been.

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Sometimes it is more useful to know where you were than to be sure of where you're going. The Portuguese had a shrewd idea where Columbus had been and ended up getting Brazil, as well as going to India the sensible way.

Five years ago, at the start of the Crash, no one could have been sure how things would turn out. Few would even have predicted that the chart prepared for the troika programme would turn out to be remarkably accurate.

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