Monday 23 January 2017

We need tough love from IMF

Published 22/09/2010 | 05:00

JAMES N O'Sullivan's proposal (Letters, September 20) to remove us from the discipline of the bond markets is like removing parental control from delinquent teenagers.

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Since we got access to a plentiful supply of cheap money, we totally lost the plot -- not only creating our own property bubble, but doing the same in a dozen other countries as well.

Now, with lots of delusional wishful thinking, we try to fool the markets with stories of "tough measures" to tackle our €20bn annual overspend.

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