From tiger to bailout

23/02/2011

Ireland’s deep financial and economic crisis results from failings in its growth model, policy mistakes and systemic failures within European Monetary Union. The bail-out agreement with the IMF and the European authorities and the associated austerity package will not resolve the problems faced by the country and must be renegotiated. Instead a package is needed to promote economic recovery and jobs growth involving elements including: sovereign debt rescheduling and a lower interest rate, fundamental tax reform, and an investment programme financed by the sovereign wealth fund. That's the opening of an ETUI Policy Brief co-authored by former TASC Director Paula Clancy and Policy Analyst Tom McDonnell. The full paper is available for download here.

Posted in: Inequality

Tagged with: TASC

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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 …

Jim Stewart

Dr Jim Stewart is Adjunct Associate Professor at Trinity College Dublin. His research …



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