Patrick Honohan, 26 July 2008

The Irish economy is reeling from a swift drop. This column explains how the “Celtic Tiger” shifted from a converging growth path to an unsustainable property boom. Tough adjustments in wages, taxation and public expenditure will be necessary to undo the damage.

Philip Lane, 01 July 2008

Ireland switched from 5% growth in 2007 to negative growth in 2008. Ireland’s leading macroeconomist discusses that causes and consequences for national policy. A thorough reform of tax and spending policy is the answer, even if it violates the Maastricht limits in the short run.

Kevin O'Rourke, 26 June 2008

Veiled or explicit anti-Irish threats will swing some ‘yes’ voters to the no-camp in a second referendum. If Europe's leaders want the Lisbon Treaty, they must unambiguously commit to respecting the results of a second Irish referendum. This would deprive the no campaign of convincing arguments and help restore the EU’s tarnished image across Europe.

Daniel Gros, 16 June 2008

Incentives are extremely misaligned when a small-nation electorate can punish ‘Brussels’ and its own political class at little or no cost. Ireland represents 1% of the EU, so 99% of the cost of the ‘no’ falls on other members. This column proposes a radical solution – the other EU members should propose to leave the old EU and create a new one with the Lisbon Treaty as its founding document. The Irish would then have to decide whether they’re in or out.

Philip Lane, 18 October 2007

Ireland is the only country that must hold a referendum to endorse the new Reform Treaty. Treaty debate is likely to be fairly low-key and the referendum is likely to yield a ‘yes’ vote.



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