News Editorial

Sunday 11 December 2016

Beware the pitfalls of a giveaway Budget

Published 16/09/2015 | 02:30

Michael Noonan has finally won the freedom to make choices without someone breathing down his neck
Michael Noonan has finally won the freedom to make choices without someone breathing down his neck

It is hard to know whether we should man the lifeboats or break out the champagne, having being branded the ‘Comeback Kid’ by the prestigious European think-tank, the OECD. Bill Clinton had to survive a series of Bimbo eruptions, draft-dodging claims and marital infidelity claims to earn the accolade in 1992.

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Ireland Inc had to endure seven years of savage austerity, which should have taught us that prudence rather than profligacy must be the watchword.

While being generous in its praise, the OECD, with the calculated objectivity of the outsider, still casts a cold eye on the potential pitfalls which are all too worryingly familiar.

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