Monday 23 April 2018

Treaty truths

• The No campaign would have us believe that we will get money from somewhere if the Stability Treaty is rejected, though they don't say exactly where. Perhaps it's best not to think too much about our debts and how they will get paid provided we get what we want today. Perhaps it's best not to think about how Ireland's national debt has reached €186bn or 117pc of national output.

Even if we never had to deal with the bank problem, the debt would be over 80pc of output, but we can always leave it to the next generation to pay up.

On the other hand, we could ask ourselves why the Austrians, the Germans, the Finns and the Dutch have the lowest levels of unemployment in the EU.

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