On Ireland’s superior economic performance

Earlier in the week, I wrote a post on Spain which explained why there is limited applicability of Latvia's travails with austerity for larger economies in the euro zone like Spain. This is irrespective of whether one views Latvia as an austerity failure or a success. One place where Latvia does have applicability, however, is Ireland. In both cases you have an economy that was overheated and wracked by the excesses of a housing bubble. When these bubbles popped, it left a wake of bad private se...


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