NYT on Ireland's austerity

New York Times feature on the Irish economy and the impact of our economic policies…

Nearly two years ago, an economic collapse forced Ireland to cut public spending and raise taxes, the type of austerity measures that financial markets are now pressing on most advanced industrial nations…

[…] Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish economy shrank 7.1 percent last year and remains in recession.

It’ll probably be quiet around these parts until Saturday or so, we’re tying a things up on a story.

Although it seems everytime I say that Gav gets a big database doc FOI in the post and publishes it all an hour later. Anyway…

1 thought on “NYT on Ireland's austerity”

Leave a Reply

Your email address will not be published. Required fields are marked *