Morgan Kelly: Ireland’s future depends on breaking free from bailout

His new IT article is available here.

Business and Finance Article on Debt Sustainability

Here‘s an article I wrote for Business and Finance on the question of whether Ireland’s fiscal debt is sustainable.

One correction I’d add to the article is that I miscalculated the average interest rate on existing Irish debt and reported it in the article as about 3 percent. The correct figure, as calculated by the EU Commission, is 4.6%.

Job Churn in Ireland

The CSO has put together a new set of data on job churn in Ireland, providing much more detail on sectoral job destruction and job creation, plus other dimensions of labour market data.

Data are here.

Background info here.

Seminar details here.

O’Callaghan: ECB Must Share Blame

Gary O’Callaghan has an interesting article in today’s Irish Independent on the ECB’s role in the Irish crisis.

Greek Restructuring: Divergence in Views Among Policymakers

This WSJ article reports on the split in views across European policymakers, with the ECB strongly opposed to restructuring.