No, really it is apparently all good. So sez a report by Euroweek. Mind you this is sponsored by a bunch of banks with significant exposure to Irish debt/bonds/interests so they are hardly likely to say “RUN RUN FOR THE HILLS” even if that were (which it probably isnt) warranted. Still. The centerpiece is a transcript of a roundtable on ireland. Whats astounding is NOT A SINGLE contrarian voice is to be heard. The herd thunders on. Feel free to read. There are some gems.
Some I particularly like :
if you offered the Spanish or the Greeks an
unemployment rate of 13.7%, they’d bite your hand
off, wouldn’t they
Public sector pay will be further reduced.
“given healthy nominal GDP growth of 3%-4%
and interest rates of 4%-5%, the debt
trajectory looks sustainable.” [ and a puppy..my edit]
the increase in the population over the last 25 years means that as a percentage the gross number of emigrants is still down on the late 1980s. the second is ..ryanair …, which is allowing people to fly around the globe at a fraction of what it cost to do so in the 1980s.
The economic situation in Ireland has been quite stable over the last couple of years
still, lets not be too negative. …