Fionnan Sheahan: If you've got it, spend it, was mantra of ministers
Published 02/03/2011 | 05:00
The mandarins in the Department of Finance felt vindicated yesterday by the publication of a report into the department's role in the Celtic Tiger boom to bust.
The report, by independent experts from Canada and Holland, says the department did warn about excessive spending and reliance on unsustainable taxes, but it also says the alarm bells weren't ringing loudly enough at times, particular in the latter stages.
Not an entirely clean bill of health, but enough to point the finger of blame elsewhere -- notably at the politicians.