Ian Guider: We have the money but where is the plan to get back to work?

The state does not need to be concerned about the deficit for now but it does need to worry about businesses and jobs

10th January, 2021
Ian Guider: We have the money but where is the plan to get back to work?
As bad as the pandemic has been for the economy, there is a seemingly endless well of money we can access, courtesy of investors, to cushion the blow

The ultimate paradox of Covid-19’s impact on the economy was on full display last week. As the Central Statistics Office released data showing that one-fifth of the workforce was unemployed at the end of December, and the Department of Finance unveiled a massive €19 billion deficit in the public finances, bond investors were clamouring to grab a slice of the debt being offered by the state.

The National Treasury Management Agency (NTMA) had...

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