Sunday February 23, 2020

Citi warns against multibillion Irish spending plans

Bank's economist says eurozone governments, including Ireland, risk forgetting the lessons of the crisis

25th June, 2017
Christian Schulz, director of global research at CITI

A top economist with US bank Citi has warned that eurozone governments, including Ireland, risk forgetting the lessons of the crisis by pushing ahead with multibillion spending plans.

Christian Schulz, director of global research at the bank, told The Sunday Business Post that spending should be constrained while the economy is growing.

“Clearly in the good times you should think about the next bad time,” he said. “That’s when you should be running surpluses, reducing...

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