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Noonan's 'safe pair of hands' earn him a top spot in FT list

ANOTHER Government minister has received a glowing report from a respected international publication.

Michael Noonan soared up the list to be ranked fifth place in the Financial Times' annual ranking of European finance ministers.

The renowned publication applauds the Fine Gael politician as a "safe pair of hands".

His ranking is five places higher than last year -- when the international newspaper ranked him as 10th.

And 12 months previously, Ireland's then Finance minister, the late Brian Lenihan, was ranked at the bottom of the list of finance ministers.

Seven respected economists decided that the Limerick politician deserved the fifth place position due to his handling of Ireland's economic recovery.



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But the glowing report will prove little comfort to the hard-pressed families who are dreading the moment Mr Noonan stands up on December 5 and delivers Budget 2013.

According to the economists who devised the rankings, Mr Noonan scored well for his credibility and political ability.

"This year Michael Noonan has bubbled up to fifth place.

"Although the economy is still far from recovered, Mr Noonan has ensured scrupulous adherence to the country's international bailout -- and boosted its chances of winning concessions from creditors that could ease its financial pain,'' the publication said. His handling of our recovery was deemed "impressive" while it was further claimed that Mr Noonan has shown "scrupulous adherence" to the troika's bailout plan.

German Finance minister Wolfgang Schaeuble topped the pile for the second year in a row, followed by Sweden's Anders Borg and Poland's Jacek Rostowski.

noconnor@herald.ie


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