More austerity is not the answer
In response to David C McCourt’s recent article ‘Don’t sacrifice credibility on altar of political expediency’ (13/7/14) we have to view the alternatives through a macroeconomic lens.
The Irish government’s underwriting of the banking system to the tune of €440 billion in September 2008, and subsequent state bailout of €67 billion have indeed resulted in undue hardship for the Irish citizen. This can only...
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