FionaK |
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| As noted above, Ireland did not put a foot wrong in terms of the orthodoxies of the neoclassical economists, nor did it violate any of the wise precepts of the IMF before the crash came. Ireland's problems are due to its acceptance of private sector debt when the banks crashed. Ireland has not balked at implementing the recommendations of the IMF after the crash either: it has pursued an austerity programme which has damaged every Irish person and the aim of this was to balance the books and get back on a sound financial footing: that is what is confidently predicted as the outcome of such austerity. So I was interested to come across this wee article http://www.irishtimes.com/newspaper/breaki...breaking49.htmlDoesn't seem to be working.... |
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