I don’t know enough about Ecomonics from the little I did in School to be sure of anything but from reading Jim Power’s piece on the Daily Business Post it seems like we might have done the right thing.
Taking the pain, adding hugely to the national debt and moving on might have been the way to go. Who knows? I do know it was not easy for thousands of ordinary citizens many of whom were totally removed from the benefits of the boom. It certainly didn’t feel like the right thing for the last 5 years. But maybe on balance compared to other options, like defaulting on our national debts completely, in the future it will turn out to be the right choice. Have a read and see what you think.
I sincerely hope that 2014 eases the pain, both for those of us lucky enough to be gainfully employed and those of us without a job. Everyone, including the Minister, should avoid being smug about our position right or wrong as long as there are those here who are still hurting. A lift in the Irish economy would help and would be well over due for all of us.
On the positive side if the TPI Factory floor is anything to go this month, things are surely starting to improve. We are manic at the minute. Thanks be to God if this is reflecting our economy and 2014 turns out to be the year of visible growth. If not I would worry another tough year in Ireland might indeed harden even the kindest of hearts to paraphrase The Minister for Finance on Budget Day. Anyway one break we need is coming. Happy Christmas from me and mine to you and yours….