No time for prevarication

Unions and special interest groups will object, but the country can only be rescued from ruin by public sector pay and pension cuts

24th October, 2009

There is no reason why Ireland cannot prosper in years to come and remain one of the world’s high-income countries.

The country has a healthy, stable democracy and a well-established rule of law. People are not afraid of hard work. More young people (aged 25-34) have acquired a higher education than in any other EU country except Cyprus.

There is an openness to competition and entrepreneurship that simply did not exist in the...

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