Ireland is no model for Greece

“So if Ireland was following the troika plan before the troika arrived, why did it still need a bailout? Precisely because it followed the orthodox troika prescription – deflationary fiscal policies combined with banking policies that socialised private debt. […]

Two-thirds of austerity went to destroy Irish social and economic life, with unemployment, poverty, liquidations, suicides …

More than 30% of Irish people live in deprivation, according to the government’s own statistical agency, not far below Greece’s 37%. Over 40% of children suffer deprivation experiences. One in 10 people is at risk of food poverty – hunger. […]

Ireland is not only not a model for Greece and other European countries; it shouldn’t even be a model for itself.”

http://www.theguardian.com/world/economics-blog/2015/jul/10/ireland-no-model-greece-troika-austerity

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