Noonan has no clothes on growth, said the mandarin
Published 18/10/2015 | 02:30
Who do you believe, the mandarin or the professor?
Last Wednesday morning, Prof John McHale headed for RTE's Morning Ireland. His mission was to alert the nation to a danger. He felt that the Government had pulled a fast one. In the process, he nearly torpedoed the Budget.
The professor is chairman of the Fiscal Advisory Council (FAC), the watchdog reluctantly set up - by the Cabinet under pressure from the Troika - to give independent judgments on government forecasts and keep them on the straight and narrow.