Wednesday 21 March 2018

Media must stand up for the country

Daily, the Irish people have to digest the unravelling uncertainties of the Irish economic situation and search, as is human nature, for the causes of our difficulties. The Irish media core is not slow in attributing blame for our predicament to a variety of sources -- but mainly to the politicians elected by us to run the country.

I would argue that the blame game culture of the Irish media serves the profession well as it deflects from any sense of culpability that they may have in contributing to the current lack of confidence both inside and outside this country.

Economists suggest that the reason Irish bond yields/loan interest rates are so high is that the bond markets, or international money lenders for want of a better phrase, have lost confidence in the ability of this country to control our own finances and repay our sovereign debt. Where do these foreign people get the information that informs their lack of confidence? They get it from the Irish print, audio and visual media.

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