Monday 27 February 2017

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

Donal O'Donovan

Donal O'Donovan

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.

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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