Saturday 20 January 2018

World events overtake Noonan and troika

Mike O'Kelly, Address with the editor

* It has been reported on RTE news that Michael Noonan, our Finance Minister, has admitted "that mistakes were made with the troika". Is this just a mirroring of the IMF/troika stance in Greece or is it actual remorse? Is it the realisation that people can bear such a damaging burden only for so long, or quite simply world events overtaking failed policies? Some examples:

* The reported statement from George Osborne that the UK, our biggest trading partner, could be in recession for another two years?

* The recent release of US multinational tax information, which shows that some multinationals are paying in effect 0pc tax and others less than 12pc, whilst the Irish taxpayer pays 32pc.

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