Noonan has no clothes on growth, said the mandarin
Who do you believe, the mandarin or the professor?
Last Wednesday morning, Prof John McHale headed for RTE's Morning Ireland. His mission was to alert the nation to a danger. He felt that the Government had pulled a fast one. In the process, he nearly torpedoed the Budget.
The professor is chairman of the Fiscal Advisory Council (FAC), the watchdog reluctantly set up - by the Cabinet under pressure from the Troika - to give independent judgments on government forecasts and keep them on the straight and narrow.