Wednesday 7 December 2016

Nice job, but world knows we are on a slippery slope

Shane Ross

Published 24/01/2016 | 02:30

Courage and conviction: Taoiseach Enda Kenny and Nobel Prizewinner Joseph Stiglitz in Davos
Courage and conviction: Taoiseach Enda Kenny and Nobel Prizewinner Joseph Stiglitz in Davos

Were the diners in Davos fiddling while the global economy burned?

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Last week the Chinese economy reported its worst figures for 25 years. European stock markets hit 13-month lows. The IMF was on the warpath, reducing its global growth forecasts. Oil prices were tumbling.

Oblivious to danger, Ireland's Taoiseach was chipper. He was on the slopes of Davos pontificating about how Ireland would "insulate" itself from the disasters hitting the world economy. Happily, he insisted the Irish Government had a "long-term" plan.

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