Monday 18 December 2017

Brian Hayes: We are ruining ourselves with new-bailout talk

Obsessing about a second bailout for Ireland at this stage is a useless form of activity. In fact, talking about a second bailout at the beginning of 2012, with two years to run in the present support programme, is a form of displacement activity. It plays to our weaknesses -- our sense of pessimism and victimhood.

A much more effective strategy is to ignore the Cassandras and get on with the job of turning this economy and country around. We need to focus on the here and now; on what we can do in 2012 to make things better.

At present the troika and Ireland share a common interest. Both sides are anxious to show that a country can successfully complete and exit a support programme.

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