Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I don't assume that Ireland will in three or five or ten years still in the middle of a depression

I wouldn't be surprised if it was, given that we're meant to be running massive austerity budgets for all of that period.

GNP is going to shrink again this year and probably next year - any recovery will be drowned at birth by further austerity.

Sure, tax rates here are too low, sort of. Effective tax rates may be quite high for the poor because of how VAT and charges for government services are structured. I've been calling for increases in Irish taxes for years.

by Colman (colman at eurotrib.com) on Mon Feb 7th, 2011 at 10:42:59 AM EST
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