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Why it's all too easy to sleepwalk into the next crash

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European stocks fell for the third day in a row

European stocks fell for the third day in a row

European stocks fell for the third day in a row

It has recently been argued in these pages, that sooner or later Ireland will experience another crash. I would agree - and would argue that the lack of institutional reform since the most recent crisis would suggest that we are sleepwalking into the next crash.

In my recent book on Irish economic development, I argue that "serial under-achievement" best describes Ireland's progress since 1970.


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