The view from Frankfurt

24/09/2010

"A shrinking economy prompts renewed misgivings". That's the headline over an article in the conservative Frankfurter Allgemeine Zeitung, which goes on to note that:

"In financial terms, Ireland has its back to the wall. Not only is it attempting to cope with the massive structural deficits caused by an unchecked property crisis. Like Greece, Ireland is having trouble dealing with the mountains of debt amassed by major banks [...]. Drastic spending cuts are throttling the domestic economy and, in the worst-case scenario, may result in a deflationary spiral". For German speakers, the full article is available here.

Posted in: Fiscal policy

Tagged with: GDP

Share:



Comments

Newsletter Sign Up  

Categories

Contributors

Vic Duggan

Vic Duggan is an independent consultant, economist and public policy specialist catering …

Paul Sweeney

Paul Sweeney is former Chief Economist of the Irish Congress of Trade Unions. He was a …

Robert Sweeney

Robert Sweeney is a policy analyst at TASC and focuses on issues surrounding Irish …



Podcasts