It's Captain Hindsight riding to the rescue once again
Ashoka Mody had some choice criticisms of the Government this week, but do the experts agree with him?
Is it a bird? Is it a plane? No it's just the market's favourite superhero, Captain Hindsight. Or at least that was what some experts were calling Ashoka Mody, the Indian-born economist and Princeton professor who was part of the IMF's team dealing with Ireland. Last week he told Newstalk that the Irish Government could have "absolutely" secured a better deal from Europe after it was elected in 2011.
"Ireland fell in with that culture, Ireland had its opportunity to, not just for itself but for Europe, in a way, Ireland in accepting the premise that Brussels and Berlin determine economic policy in every country," Mody said. "Ireland fell in with that premise and therefore perpetuated a culture that this current Greek government is trying to break."
The Minister For Finance, Michael Noonan, gave the comment short shrift, saying: "I suppose when he was there and when he was in a position to do something, he didn't do much for us, so advice now that he is no longer in a position of influence, would be taken lightly". But then he would say that. We spoke to a few economists and experts in the field and asked them if they agreed with Mody's comments and if he was right to speak out on such a politically toxic issue. This is what they had to say: