Stimulus package financed by eurobond touted

A stimulus package financed by a eurobond is the most economically feasible and effective wayof overcoming the eurozone’s significant challenges, according to UCD professor of economics Karl Whelan.

Mr Whelan was addressing the chairs of the finance committees of 27 EU member states gathering in Dublin yesterday.

His views directly contradict the prevailing orthodoxy across the region, which is to implement austerity policies in periphery countries like Ireland in an effort to restore fiscal rectitude.