"The Irish economy is now more vulnerable than at any time since the crisis began. The process of rebuilding the economy has not even begun, while the public finances have not being stabilised, and neither is there any end in sight to the costs being generated by the banking crisis.
The mythologies and the revisionism that have been nurtured in Ireland in recent times are now being deconstructed by events.
The budgetary decisions and fiscal strategy have not been “courageous”; they have been wrong [...]" You can read the rest of Professor Ray Kinsella's opinion piece in today's Irish Times here.
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