Saturday 25 November 2017

It's official: We are no longer one of the PIIGS

And while successive governments, firstly the one led by Fianna Fáil and latterly Enda Kenny's Coalition, can claim some credit for finding the path back to normality, it is really the Irish people who, in the main, knuckled down and got on with the job of restoring the economy and our national pride (Niall Carson/PA Wire)
And while successive governments, firstly the one led by Fianna Fáil and latterly Enda Kenny's Coalition, can claim some credit for finding the path back to normality, it is really the Irish people who, in the main, knuckled down and got on with the job of restoring the economy and our national pride (Niall Carson/PA Wire)

As the woes of Greece grow by the hour, the verdict at home, it seems, is that Ireland is no longer one of the PIIGs. The acronym referred to the once-reviled nations - Portugal, Ireland, Italy, Greece, Spain - which required a Troika bailout when their economies collapsed under the burden of bank and developer-led debt.

That is welcome news, especially for families which bore the brunt of the austerity years. And while successive governments, firstly the one led by Fianna Fáil and latterly Enda Kenny's Coalition, can claim some credit for finding the path back to normality, it is really the Irish people who, in the main, knuckled down and got on with the job of restoring the economy and our national pride.

It is they who deserve whatever kudos is going.

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