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Over rated

• Killian Foley-Walsh is spot on (Letters, January 19) -- why not use the entire tank in the National Pension Reserve Fund to open our very own Rating Agency?

Money for jam and risk-free. We have loads of large, empty buildings and thousands of nutty economists crying out for useful employment.

Imagine the sheer joy of causing consternation throughout the world as our Irish-based troika sets the fiscal rules of engagement.

Now's the time to go for it -- before the Greeks beat us to it!

Niall Ginty
Killester, Co Dublin

Irish Independent