Ireland is being held up by the IMF and OECD as a model country for the
virtues of rapid and radical "fiscal consolidation." It's reduced its
deficit from well over 10% of GDP in the early and mid-1980s to 2.5% today,
with unemployment falling slightly (from around 17% to around 15%).
Can anyone fill in the picture?
Doug
--
Doug Henwood
Left Business Observer
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New York NY 10024-3217
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