EMU to blame for current economic woes

Joining the European Economic and Monetary Union caused our binge and boom -and it is set to slow our crash-diet recovery, writes Cormac Lucey

28th March, 2009

Ireland experienced astonishing economic growth over the decade 1997-2007.Average incomes (GNP/head) grew by 131 per cent while numbers employed grew by 43 per cent. But the reasons conventionally advanced to explain this growth offer a poor explanation for what happened.

Social partnership between government, employers and unions was one factor offered for Ireland’s strong growth. But this answer failed to explain why the strongest growth in jobs was concentrated in areas where Ireland’s unions are...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago