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View from Dublin

Brian Cowen and his government face some tricky decisions

Early Budget will have only a limited impact

When the facts changed, the great economist John Maynard Keynes changed his mind. Brian Cowen and Brian Lenihan changed the date.
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Inside View from Dublin

We must cut the wages of friends in high places

Tuesday, 9 February 2010

At last, a bit of leadership from the Irish government, but from a most unexpected quarter.
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Ireland’s economy will need another global credit wave

Tuesday, 2 February 2010

You could see where the money is. When the Republican won the Massachusetts Senate seat, shares in big pharmaceutical companies rose sharply.
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Crystal ball is cloudy and the future a worry

Tuesday, 26 January 2010

Remember the 'wealth effect' during the boom? People were becoming more wealthy as the value of their houses and (particularly in the US) their shares, rose rapidly.
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Time to lift this gag on future role of the euro

Tuesday, 19 January 2010

The idea of leaving the euro is one of those things we in the Republic are not supposed to talk about.
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It's time for a revolt against vested interests

Tuesday, 12 January 2010

A woman of my acquaintance had a part as an extra in Neil Jordan's film, The Butcher Boy. Some scenes were filmed in St Ita's mental hospital in Portrane. It took her months to get over the nightmarish conditions she found there.
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Easier times are ahead as Budget does heavy lifting

Tuesday, 15 December 2009

The most surprising thing about the Irish Budget was Finance Minister Brian Lenihan's comment that next year's Budget would be easier.
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A touch of frost from ECB has banks shivering

Tuesday, 8 December 2009

Just a little touch of frost and there they all are, skidding and crashing. Not just Irish motorists either, but Europe's banks.
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Southern shops finding they have plenty to Choo on

Tuesday, 1 December 2009

It was probably a teeny bit unfair to have a go at public sector workers who made use of the one-day strike to go shopping in Newry.
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Workers may be holding economy in their pockets

Tuesday, 24 November 2009

The secret of good looks, apparently, is symmetry. One side of the face should be as much like the other side as possible, so it is no surprise that we have a fairly ugly economy.
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Low wage or not, there's no escape from tax burden

Tuesday, 17 November 2009

We must all pull together in this time of national emergency. So, in that spirit, I think I can be of assistance to Brothers Begg, O'Connor et al. You are looking in the wrong place, comrades.
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Neelie calls the shots and she can’t be ignored

Tuesday, 10 November 2009

This is not perhaps the wisest thing to say about the EU Competition Commissioner in this day and age, but I cannot resist it — hell hath no fury like a woman scorned.
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We have to find a way to protect banks from themselves

Tuesday, 3 November 2009

A puppy, they say, is for life. Before you rescue that poor, helpless creature, remember that this is a responsibility which will continue for years after the novelty has worn off. Just like the banks.
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To fix current tax issues we must go back... to the future

Tuesday, 27 October 2009

There comes a point in life when one becomes convinced that they did things better in the old days.
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Taxes will rise and incomes fall: that is the grim reality

Tuesday, 20 October 2009

In the end, the most significant bit of the new Programme for Government between Fianna Fail and the Green Party could be the bit about helping people who cannot pay off their mortgages or other personal debts.
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The public sector is in trouble but what of our services?

Tuesday, 13 October 2009

I HAD one of those uncomfortable calls, from a low-paid government worker, after the CSO survey again showed a significant gap between earnings in the public and private sectors.
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Let’s not lose sight of the true cause of financial catastrophe

Tuesday, 6 October 2009

Private debt is the cause of the crisis, government borrowing is a symptom
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Crisis has been bad but road to recovery will be tough too

Tuesday, 29 September 2009

"give me 500 billion dollars and I'll show you a good time too," the legendary wit and investor Warren Buffett said at the beginning of the financial rescue operations.
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NAMA or not, the issue is trust

Tuesday, 22 September 2009

The most frequent comment that I heard after the Nama Dail announcement hardly seemed to get a mention in the debate. It was amazement and rage that a little building society like Irish Nationwide could have â‚¬8bn in development loans to transfer to the bank rescue agency.
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Will Ireland pay the price for a balanced economy?

Tuesday, 1 September 2009

Peter Sutherland recently made a scathing dismissal of all the talk about the IMF (International Monetary Fund) having to rescue the Republic of Ireland.
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Republic may have to spend its way out of this recession

Tuesday, 25 August 2009

Saving is often thought of as virtuous. As youngsters, many of us were taught to “save for a rainy day”. In economics, national saving equals investment by definition.
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