Ireland and the Austerity Debate
People on both sides of the austerity debate are trying to position Ireland as the poster child for their case. Though neither side can claim victory, this tug-of-war illustrates the complex range of arguments in play – and highlights why conclusive economic policy making is proving so elusive.
https://prosyn.org/M3Tqfq7
DUBLIN – Both sides of the austerity debate that is now gripping economists and policymakers cite Ireland’s experience as evidence for their case. And, however much they try to position the country as a poster-child, neither side is able to convince the other. Yet this tug-of-war is important, because it illustrates the complex range of arguments that are in play. It also demonstrates why more conclusive economic policy making is proving so elusive.