Wednesday 24 May 2017

We're not out of woods yet but praise is deserved

European Union Economic and Monetary Affairs Commissioner Olli Rehn listens to Ireland's Finance Minister Michael Noonan (R) during a eurozone finance ministers meeting in Brussels
European Union Economic and Monetary Affairs Commissioner Olli Rehn listens to Ireland's Finance Minister Michael Noonan (R) during a eurozone finance ministers meeting in Brussels

IS Michael Noonan the best finance minister in Europe? Probably. 'The Banker' gave him the gong because the magazine wants to reward government leaders who endure unpopularity for the long-term good of their country rather than buying popularity.

While Mr Noonan has certainly avoided splashing the cash, its worth remembering he was under troika's orders. Much of Mr Noonan's success is down to the fact that he has steadfastly implemented a programme devised by his predecessors and the International Monetary Fund.

We will learn in the months ahead whether he has the grit to resist foolish spending, now that he is no longer under the cosh.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Don't Miss