Friday 19 January 2018

David Quinn: Nation's economic destiny no longer in our own hands

David Quinn

David Quinn

It's now more than 10 years since Mary Harney delivered that famous speech in which she declared Ireland to be closer to Boston than Berlin.

Whether that was ever true, today it is Berlin, not Boston, that is dictating our economic destiny. What Boston thinks of our upcoming Budget doesn't matter a damn, but what Berlin, and Germany's Chancellor Angela Merkel, thinks matters a great deal.

When EU Commissioner Olli Rehn comes to Ireland shortly, he has to be presented with a budget plan that will find favour in Merkel's eyes or it's back to the drawing board.

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