Wednesday 26 April 2017

Editorial: Give a cautious welcome to rumours of recovery

Minister for Finance Michael Noonan and Brendan Howlin Minister for Expenditure and Public Reform on budget day. Photo: Frank McGrath.
Minister for Finance Michael Noonan and Brendan Howlin Minister for Expenditure and Public Reform on budget day. Photo: Frank McGrath.

ALL going well, things might be far less appalling than we thought by year's end. Finance Minister Michael Noonan might only be taking €1bn, instead of the threatened €2bn, out of the economy come Budget day next October. The super-optimists suggest the clawback might even be less than that €1bn. That is the latest flickering signal of hope emanating from government circles as Labour's marathon leadership election drags on, and talks of the long-flagged cabinet re-shuffle continue to feed on the same half-rumours.

For seven years, the Irish nation has suffered with few signs of public dissent. People have fretted over their jobs, or their ability to cope with unemployment, and how they might keep their homes, as many also tried to keep in touch with children in Britain, Canada, USA and Australia, via modern technology and bargain flights.

Just one calendar month ago today, Irish people sent this Fine Gael-Labour Coalition a rocket via the ballot boxes in the local elections. That message can be summated in one word: Enough!

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