Thursday 23 November 2017

Two years on, IMF isn't the big bad wolf after all

'BELIEVE that a further shore is reachable from here," International Monetary Fund boss Christine Lagarde said yesterday, citing one of Seamus Heaney's best-loved poems during an interview published in today's Irish Independent. The last time we heard a foreign leader quote Heaney's 'The Cure at Troy', with its lines about "when hope and history rhyme", was during the Peace Process that resolved a problem many believed to be intractable.

Today, we stand at another juncture in this young country's history – but Heaney's poem remains just as relevant.

Ms Lagarde clearly believes that this country's economy is recovering and that the further shore is reachable. She points to the recent decline in unemployment, rising exports and the slightly improbable forecast that Ireland will probably be one of the few countries in Europe to enjoy economic growth this year.

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