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Showing posts with the label negative economic growth

Irish Property Recovery Is Crushed...

Tiny green shoots of property recovery brutally crushed by our Central Bank... Our leaders are facing the mother and father of all political and diplomatic battles in Brussels. 'I'M not happy with the idea that some governments obviously find some pleasure in torturing Ireland in the meetings and outside. I don't like this way of dealing with serious problems." These words are not those of Michael Noonan but of Luxembourg Prime Minister Jean-Claude Juncker, chairman of the euro group of finance ministers. Juncker criticised the link between a lower interest rate on bailout loans and pressure to increase corporate tax. Again, they are words that could have been written by Noonan -- and my guess is that they were, in fact, inspired by Limerick's master of the soundbite. Only a few months ago, Noonan was bitterly critical of the Government for its failure to nourish our diplomatic relations with small EU countries such as Luxembourg, Denmark, the Netherlands...