“Lessons have been learned” is a cliché in Ireland for a reason. It’s because the reality is that lessons are never, ever, learned.
Overall, it is difficult to look at the medium term economic situation with anything but pessimism
Situation “not unprecedented”
A State Housing agency is a licence for suppliers to print money, and bureaucrats to waste it.
The only question is how long, and how hard, it will have to be.
‘Higher than general inflation’
That’s the big cost of EU membership that nobody mentions.
It is tradition in Irish politics that any euro that gets spent by the Government once will get spent by the opposition
If there’s a run on these banks, though – and it’s a good bet that some of them exist – then Silicon Valley Bank might not be the last to go boom.
In short, the ECB’s plan is to nudge the economy in the direction of a recession, in order to combat inflation.
Most politicians, at this stage, are just hoping that someone else is in power when it does come.
These figures are nothing to sneer at.