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High growth and low interest rates make uneasy bedfellows

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Picture posed

Picture posed

Picture posed

As economic growth surges ahead we can rightly take pride, and hope, from the national recovery. But past experience shows that being out of step with Europe, especially with Germany, brings dangers.

We go in for lots of hand-wringing here about failures within Ireland in the run-up to the crash. Rightly so, but it means we overlook the external factors that inflated the bubble.


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