The '07 Smell Test?

Slí Eile 07/05/2009

Slí Eile: Over on Irisheconomy.ie Colm McCarthy is warning against nostalgia about going back to 2007. We must agree. But that is about the extent of it. The orthodoxy is, to quote McCarthy's own words: "(i) Government debt ratios stabilised and sovereign credit spreads back to low levels; (ii) competing banks strong enough to lend (a little); …