After all the St Patrick’s Day schmalz, this year Ireland is finally doing really rather well…

In favour of a more realistic recce of Ireland in the world, here;s the the head of the Lex column at the FT Robert Amrstrong in conversation with his colleague Oliver Ralph talking about how well Ireland is doing, and what the medium term dangers might be.

More specifically they talk about the reality that without an Irish central bank to vary interest rates upwards to lower the risk of overheating.

However the 3/4% growth rate at the moment is by and large helping to make up the ground lost over the last seven or eight years.

  • chrisjones2

    Slowly but surely its working and moderate inflation over say 10 years will lubricate the system

  • Ben De Hellenbacque

    Both good and bad news there. The mess that is the European project (the edifice that must be saved at any cost) could still spell disaster for this small “outlying nation”. At least Ireland is earning a newfound reputation for success through caution and prudence. It still kinda smacks of forelock tugging though.