Tuesday 17 January 2017

Don’t ignore the crisis looming far beyond the campaign trail

Published 15/02/2016 | 02:30

Market traders
Market traders

This General Election is in a bubble. It should be absolutely plain that circumstances outside Ireland fundamentally affect how our State can continue to borrow at reasonable rates to fund public services and to preserve, let alone grow, employment.

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Yet again in an election, we are sleepwalking through a very unstable world with a meltdown looming in the global economy - both finance and trade, the EU in turmoil and the biggest refugee tragedy affecting Europe since the Second World War.

We are not even looking at the existential crisis facing our closest neighbour - that kingdom being unsure whether it should remain within the EU, or even whether it should itself be united. (With opinion polls showing an increasing likelihood of 'Brexit', the consequences for us could be very turbulent - not least in the context of Northern Ireland).

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