Daft Property - Irish Property News

Ahern and Cowen handled the Irish economy like 'intoxicated joyriders'... FORMER Taoisigh Bertie Ahern and Brian Cowen handled the Irish economy like "intoxicated joyriders" before it collapsed, a leading academic has said. Dr Ed Walsh, the University of Limerick's founding president, also launched a blistering broadside against the public sector as he delivered the annual Michael Collins oration at Beal na mBlath in Co Cork. He described it as "flabby and over-paid" as well as "antiquated and dysfunctional". And Dr Walsh said that the current Government had to reverse a ludicrous situation whereby Ireland had allowed its basic jobseekers' allowance to be greater than the average industrial wage of most EU accession states. "The crisis that is convulsing Europe has its origins in the partisan management of the euro currency from the outset. Sustained low interest rates to facilitate a dominant Germany in the process of reunif...