Friday 2 December 2016

Varadkar learns danger of words

Published 30/05/2011 | 05:00

THERE is a world of difference between being in opposition and being in government. Transport Minister Leo Varadkar's contribution to the debate on the economy shows that he has not yet learned it. He had better learn quickly.

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In a way, his article in a Sunday newspaper yesterday consisted of nothing more than commonplaces. There is a serious risk that the EU-IMF bailout last November will not suffice to bring the national finances into a condition approaching solvency. Specifically, we may not be able to return to the markets for our borrowing requirements. As he says, we may need an extension, or a second bailout, next year.

But current government policy, as expressed forcefully by Taoiseach Enda Kenny, rules out, for the moment at least, any such approach. We will pay our debts; we are paying our debts. The Taoiseach could not be clearer.

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