Sunday 4 December 2016

Increased debt is no achievement

Published 22/09/2010 | 08:22

IT IS remarkable that anyone should seem pleased that we have added another €1.5bn of debt (bond auction) onto the backs of the Irish taxpayer.

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Well over two years into this crisis and still Cowen and Lenihan have pushed through no structural reform of the economy or tax system to make sure it costs less to run the country.

All they have done is rack up more and more debt, so that they can avoid having to reform how the country is governed and how it generates the income to pay for itself.

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