When the government say is it’s global problem they have a point

Today’s report in the Irish Times gives a reasonable summary of just how bad things are around Europe.  We have made some serious errors in Ireland – but there is a major international dimension to this.

Was interested in listening to economist John Fitzgerald today.  Even if we end up putting €20bn into rescuing our banks this number will pale into significance when we look at costs associated with government spending – be that public sector or unemplyment payments.

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