WSJ - Lessons of the Irish Comeback

[yellowmoose]

Recently, headline news out of Europe has led investors on a vertigo-inducing roller-coaster ride. Markets have swung wildly on the latest rumors and fears. Skepticism regarding Greece’s ability to pay back its debt seems to have hardened. However, lost in all the tumult is one of the euro zone’s newly reformed members. Ireland’s example could offer other indebted countries some inspiration for solving their own crises.

online.wsj.com/article/SB10001424052970203388804576614460087620094.html

We are the roadmap apparently.

[yellowmoose]

i accessed the full article via google news and I don’t have a subscription

[mr_anderson]

A positive news article (on Ireland) in an international paper is always welcome.
I wish I shared his rosy outlook, but if thats the story he wants to tell them, then I’m happy if it brings in the jobs.

[Rick_Flair]

@mr_anderson

A positive news article (on Ireland) in an international paper is always welcome.
I wish I shared his rosy outlook, but if thats the story he wants to tell them, then I’m happy if it brings in the jobs.

Pity the WSJ is a shit rag that has been wrong about almost everything fo the last 30 years.

[TheEmigrant]

Full article here

[Pyramid5]

MoneyWeek is getting cautiously positive on Ireland in recent weeks also.
moneyweek.com/search.aspx?search=ireland

For example, we’re keeping a close eye on Ireland here at MoneyWeek. If Ireland manages to rebound from this crisis more quickly than other countries, it won’t be primarily due to austerity. It’ll be because it dealt with its bad debts and shoddy banking system more quickly than anyone else. We’ll look at this more in a future issue.
moneyweek.com/investment-advice/how-to-invest/strategies/what-to-buy-as-europe-nears-its-sub-prime-moment-14100

[bearishbull]

FG seem to be as good or better at spinning than last crowd. Probably contacting all these international writers spiinning over a few good stats while downplaying the massive public and private debt we will have in coming years and the large unemployment and deficit which arent going away anytime soon. Every small number of jobs created are headline news on newstalk despite the dubious economic effects of many of them.

[BuffaloSoldier]

@bearishbull

FG seem to be as good or better at spinning than last crowd. Probably contacting all these international writers spiinning over a few good stats while downplaying the massive public and private debt we will have in coming years and the large unemployment and deficit which arent going away anytime soon. Every small number of jobs created are headline news on newstalk despite the dubious economic effects of many of them.

Journalist writes something, newspaper prints it but somehow de gubbermint must be involved.

[goldmanberg]

@Rick Flair

Pity the WSJ is a shit rag that has been wrong about almost everything fo the last 30 years.

And sure enough we find this gem in the middle of the article :

Moreover, fiscal policy was prudent leading into the crisis. In 2007 Ireland’s public debt was only 25% of GDP and its budget was balanced, albeit thanks, in part, to strong tax revenues from a credit-fueled economic boom