In Osborne we trust…

So, the Irish economy is going to be supported by billions of pounds of loan from a central EU pot, along with around £7bn directly from the British government. At this point Football365’s Mediawatch has drawn attention to this gem of an article written by George Osborne for the Times in 2006:

A generation ago, the very idea that a British politician would go to Ireland to see how to run an economy would have been laughable…Today things are different. Ireland stands as a shining example of the art of the possible in long-term economic policymaking, and that is why I am in Dublin: to listen and to learn…They have much to teach us, if only we are willing to learn

Considering our own massive bank bailouts and quantitative easing perhaps we did really learn to manage our economy the Irish way.

4 thoughts on “In Osborne we trust…

  1. Though, importantly, Osborne wasn’t in power when he made those comments. So the point is kind of moot.

  2. Not really. The comments were praising a way of running the economy which has nearly bankrupted Ireland. The issue is that the current Chancellor totally misread the situation. Personally I’m hoping he can’t remember anything he learnt over there.

  3. He wasn’t in power but he was clearly over their to gather ideas for when he did become Chancellor. Perhaps he could spell out exactly which policies he has borrowed from Ireland. May be we will soon hear plans for private health care which mean retire people have to find thousands of pounds each year to pay their premiums.

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