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Article: Cowens dithering today is planting the seeds of tomorrows financial crisis.
- Article from:
- Daily Mail (London)
- Article date:
- March 3, 2008
CopyrightCOPYRIGHT 2008 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Richard Waghorne
BRIAN Cowens Statement of Strategy is not bedtime reading, but nomatter, it may soon be utterly irrelevant anyway.
For about the moment the finance minister unveiled a three-year plan for hisdepartment, the news started filtering through from the United States of justhow severe the economic crunch is likely to become.
And as if to drive home the point, the Central Bank released more figures onFriday revealing just how dire things are in the Irish housing market. Yet theministers grim determination to plough on, as if nothing untoward were afoot,continues regardless.
Even as he is auditioning for the position of ...