Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I don' buy the theory that Ireland can't rise taxes. That is neoliberal clap-trap. FDR did rise income taxes during the great depression. And what ever the situation in Ireland is, it is not a industrial depression. Manufacturing is least troubled sector in Ireland.

I don't assume Ireland will always be depressed. Budgets can and should be balanced over the cycle. Your novel theory: never balance the budget and default regularly can not work.  

by IM on Mon Feb 7th, 2011 at 09:33:31 AM EST
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