Fueled by performance enhancing drugs…
Tom Moylan writes:
European Commission’s predictions for the next two years of economic performance for Ireland were released today…Also (below) for Europe in general…
The ESRI predicted gross national product (GNP), which strips out the effects of multinational profit flows, would grow by 3.5 per cent this year, and by 3.7 per cent in 2015, rates of growth not seen since 2006.“After a long period of attrition, we are approaching the end of the very painful period of fiscal adjustment,” it said.
[Sunday Tribune, March 15, 2009]
Thanks Conor McCabe
Tomorrow’s Sunday Independent.
It is documented how senior officials repeatedly removed, erased and dismissed such warnings in favour of more optimistic language.
A number of those senior civil servants implicated still occupy key positions in the Department of Finance and the Department of Public Expenditure and Reform.
Designers of the 1930s predict the styles of the new millennium with charmingly 1930s results.