Eurocrats need to live in real world

It is now almost four years since Ireland entered the troika programme and is almost a year since the programme was exited.

Depending on one’s perspective, one of the downsides of entering the programme was that Ireland will be subject to ongoing surveillance from the bodies that lent us the money we needed to run the country back in 2011. This will last as long as the money is still owing. Personally I think it is a good thing given the marked inability we have shown over many years to run our affairs in a proper and prudent fashion.

The latest surveillance exercise by the European Commission, the ECB, and the IMF was completed between November 17 and 21. The results were published late last week.