Rejecting fiscal compact would be "Russian roulette" - Bloxham

Economic growth in 2012 will be 0.5 per cent, compared with a previous forecast of 1.1 per cent, according to the latest quarterly Irish economic outlook from Bloxham Stockbrokers.

14th March, 2012
Rejecting fiscal compact would be "Russian roulette" - Bloxham
Little to be optimistic about as regards the Irish consumer or personal expenditure in the immediate future, says Bloxham.

Rejection of Europe’s fiscal compact in the upcoming referendum would be akin to a game of “Russian roulette", said Bloxham Stockbrokers.

“Ireland could be lucky and get the empty chamber with no damage done through a ‘Yes’ vote, but a possibility exists of a ‘No’ vote that, in our opinion, would cause interminable damage,” said Alan McQuaid, Bloxham’s chief economist in a note.

Economic...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

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