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Ireland forced into a new era of austerity
Comments
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Austin_Allegro wrote: »Not at all. Ireland is indeed in a different situation to us - probably a slightly better position as at least they realise they need to increase tax and cut spending. Our government, on the other hand, seem to think they can carry on as normal by printing funny money...
My point was a few miles of water do not isolate the UK from a world recession/depression...
I see you follow the Herbert Hoover school of economics. Fair enough.0 -
Austin_Allegro wrote: »Not at all. Ireland is indeed in a different situation to us - probably a slightly better position as at least they realise they need to increase tax and cut spending. Our government, on the other hand, seem to think they can carry on as normal by printing funny money...
My point was a few miles of water do not isolate the UK from a world recession/depression...
The Irish situation is similiar to the UK. It will prove an interesting test as to which is the best way forwards;
1. expansionary physical and monetary policy
2. tight fiscal and monetary policy0
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