Friday 24 November 2017

Brendan Keenan: Crisis shows size matters when it comes to forceful regulation

Brendan Keenan

Brendan Keenan

THE French philosopher Blaise Pascal is something of a hero among journalists for apologising that a letter was so long because he did not have the time to write a short one. (You try covering an IMF report in 400 words).

Could the same apply to governing countries -- that small ones are more difficult to manage than big ones? The financial crisis has shown that in some ways it might.

This is especially true of small countries with big ambitions. Ireland's ambitions have been big -- not just to be a centre for production and services of the world's biggest companies, but to be a major financial centre as well.

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