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In the few weeks before the budget expect a European wide outbreak of puff pieces by 'independent' commentators to assure the weak minded that the government are acting in the Irish people's interest and that the protection of bondholders is just a happy coincidence.
As a nation we have been turned into a big sad joke.
I have to say his artical is very good. And also do not understand why saying our country can be saved makes you a FF supported. Our Country Can (and will) be saved and FF still did make a total mess of it. Both comments are true.
Tánaiste Appoints Special Advisor
Tánaiste Mary Harney announced today (Thursday 18th January, 2001) that she has appointed Oliver OConnor as Special Advisor, to work on strategic policy issues.
Oliver OConnor is an independent consultant and consulting editor at FINANCE magazine. He has previously been employed as an investment funds specialist in the IFSC and in corporate strategy in financial services. He began his career as a diplomatic officer in the Department of Foreign Affairs. He is known as a contributing columnist to the Irish Times Business Section and has written for other publications including the Financial Times and Wall Street Journal Europe.
"Forget about global imbalances. Forget about U.S. and euro-zone monetary policy. Forget about the latest Basel capital rules. Like most countries, Ireland is a price-taker on those decisions, as it is on global, U.S., euro-zone and U.K. economic growth. The only growth factors Ireland can really affect for itself are its government finances and the business environment in the country."
Forget everything that's inconvenient.
The only growth factors ....
So a €15bn reduction in government "influence" on the economy is a growth factor?