Tom Healy: A copy of a paper I gave at the Dublin Economics Workshop today is available here. The conference provides an opportunity for a large number of people to debate economics policies. The current workshop is part of a series of its kind on the economic crisis which goes back to January 2009.
A key focus of the paper is on unemployment - especially youth. The impact of fiscal austerity on the domestic economy is outlined and the implications of this for the future of public services here. Unless current economic policies are reversed Ireland will emerge with an even lower level of public spending and revenue than is currently the case. It is very unlikely that the Troika can succeed in reaching the 3% deficit target by 2015, especially as the European economy of the Eurozone heads into a new recession in 2012. In short we need a Plan B and we need it very soon.