Friday 19 January 2018

It's all Greek to me

At last, amidst the dark orthodoxy of the herd, a chink of light appears.

Though the admission by the IMF that it underestimated the effects of austerity on the Irish economy will not come as a surprise to those who witness our shuttered high streets, it is welcome. We are, however, depending on the kindness of curious strangers when the fiscal icemen of the IMF are Ireland's best friends. Sadly, the apparent willingness of the Government to acquiesce with the flat-earth economics of austerity suggests they are our only ones.

Next week may provide us with confirmation of this fear courtesy of the visitation of a troika which increasingly fears we are adhering to the letter rather than the reforming spirit of the bailout. The bad news for us is that nothing in the record of this Government suggests their growing suspicion that we are loquacious North European Greeks who continuously confuse announcement with delivery is wrong.

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