Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
That is of course nutty. Austerity now is a mad proposal. But I think a lot of the irish deficit is cyclical and would go away on a upturn. The remaining deficit can be closed. The irish are rather undertaxed - especially income tax and yes corporate tax.

So why should be impossible to balance the budget in five years or so?  

by IM on Fri Feb 4th, 2011 at 01:13:47 PM EST
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