Saturday 18 November 2017

Bertie's pride in 2007 economy

WHAT changes and lack of realism since Taoiseach Bertie Ahern "proudly" proclaimed in his April 2007 Statement of Estimates: "The performance of our economy remains the envy of Europe, not least in the context of jobs and growth. Unemployment was remaining at a low 4.2pc, while GDP grew by 5.4pc with further increases projected for the years ahead."

Exactly a year later, cute Bertie announced his intended resignation, leaving Brian Cowen the chosen one to carry the buck. By September that year the foundations of the State began to creek.

The property bubble burst, the banks were on their belly, compelling the Government to throw them a €440bn blanket guarantee.

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