The Cowen Recession: Now What?

Posted on June 24, 2008 at 05:08 PM

Today the ESRI came out and said what many had been thinking: Ireland is in recession.

Brian Cowen, who until April was Minister for Finance, has led us to the worse economic results in 25 years. Speaking in the Dáil today, the Leader of the Labour Party, Eamon Gilmore TD, was looking for any sign at all that the Government has a plan to get us out of the recession they created through their mismanagement of the property boom.

Surely, the Government, which until last week was accusing others of talking down the economy, would have a plan to restore confidence. Surely, they would have some comfort to offer to those whose jobs are under threat. A new set of figures, perhaps, to replace the Budget Day targets that are now redundant.

The answer was, well, not really ...

Today's full debate will be available on the Oireachtas website later this evening.

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