Lessons from Angela Merkel for Leo Varadkar

Online Editorimage

By Cormac Lucey So Angela Merkel, the German Chancellor, is on the way out. On Monday she announced that she would not contest her party’s leadership at its conference this December. She also stated that she intends remaining chancellor until the next scheduled German Federal elections in September 2021. Time will tell whether she manages to hold on that long. … Read More

Compared to the crash of 2008, the next crisis will actually be even worse

Online EditorArticle, Gallery

By Cormac Lucey It is 10 years since the Irish government’s fateful decision to guarantee the liabilities of the Irish banks. That rubber-stamped the country’s plunge into financial disaster, following the collapse two weeks earlier of Lehman Brothers, which kickstarted the international financial crisis. As with all meltdowns, there had been plenty of warnings. The share price of Bank of … Read More

EU is flawed but Irexit would be a mistake

Online EditorUncategorised

By Cormac Lucey A new party campaigning for Ireland to leave the European Union has been recently launch. Those involved include Ray Bassett, a former Irish ambassador, and Ray Kinsella, a professor at University College Dublin. The spokesman is Hermann Kelly, who heads up communications at the European parliament in Brussels for the Europe of Freedom and Direct Democracy group, … Read More

What happens when our corporate tax regime is kicked into touch?

Online EditorCampaign, Gallery, image

By Cormac Lucey What does a sports team do if its star player gets injured and is unable to play or, even worse, is forced into retirement? The simple answer is that the coach needs to anticipate such eventualities and develop a pipeline that could replace the star. The Ireland rugby coach Joe Schmidt (pictured above) has managed two great … Read More

Ireland puts all its chips on multinationals, but the EU house wants its cut

Online EditorCampaign, Gallery, image

By Cormac Lucey The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental economic think tank headquartered in Paris. The organisation published a detailed report on the Irish economy recently. Its conclusions regarding our recent performance were understandably positive, but it warned that the country’s economic prospects “are clouded in uncertainty”. The good news is that the robust economic … Read More

EU plans to harmonise corporation tax will bring little in the way of harmony

Online EditorArticle, Campaign, Gallery, image

By Colm McCarthy Ireland’s agenda with the European Union is getting complicated. After five years of strong recovery, the country’s economic prospects are exposed to developments in EU policy under three headings. There will be profound effects from Brexit about efforts to harmonise corporation tax and about future governance of the eurozone. And the next slowdown, whenever it comes, will … Read More

Europe’s default leader has little to show for it

Online EditorArticle, CampaignLeave a Comment

By Cormac Lucey Henry Kissinger, the US secretary of state and national security in the 1970s, once exclaimed in frustration: “Who do I call if I want to call Europe?” At the time there was no clear European leader to speak to. If the US wanted to arrange something it would have to separately fix it with the British, the … Read More