Dan O’Brien: Suddenly, we are living in a world where risk is everywhere
International conflicts earlier this century hardly registered at all with the Irish economy. But with energy prices driving inflation and food prices rising even before the outbreak of war in Ukraine, it’s different this time
In early 2003, your columnist was commissioned to write a report on the potential economic consequences of the US-led invasion of Iraq.
There was much debate about how the toppling of Saddam Hussein could destabilise or remake the entire Middle East region. Either way, it was predicted that energy prices would increase and be more volatile. The opposition of big European countries to the invasion, most notably France and Germany, was talked about as the ...
