Wednesday 7 December 2016

Donal O'Donovan: A dusty seminar, as Kenny ducks Stiglitz's punch

Published 22/01/2016 | 02:30

Joseph Stiglitz. Photo: Reuters/Vincent Kessler
Joseph Stiglitz. Photo: Reuters/Vincent Kessler

The Taoiseach shuffled uncomfortably in his seat when Joseph Stiglitz raised the vexed question of Ireland's failure to burn bondholders in the crash, during a panel discussion on economic growth in Davos yesterday.

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Ireland is in recovery, Professor Stiglitz noted, but would have done better again without taking on the burden of the bank debt.

Enda Kenny reacted with a deflection, saying he prefers to talk about the future. It felt awkward, but he had more sense than to get into a public sparring match on the vexed bondholder issue with a Nobel Prize-winning economist.

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