Three Monkeys Online

A Curious, Alternative Magazine

An Irish Balcerowicz

Leszek Balcerowicz, Polish economic guru, is nothing if not dependable. No matter what the question, the answer is always to liberalise, deregulate etc. etc. I was reminded of him by today’s piece in the Irish Times by Frances Ruane of the Economic and Social Research Institute (ESRI). The subhead says it all. No really: all. “An international upturn will not translate into a recovery here unless Ireland cuts costs.” It’s funny how I’ve been hearing this since the 1980s – through slump, boom, slump, boom, slump the medicine is always the same no matter what the patient’s condition. Cuts.

The ESRI’s record for accuracy.

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