Ireland’s recovery ‘offers no template for others’

The “cataclysmic” Irish banking collapse and the subsequent economic recovery will fail to offer a template for other countries to clear up similar financial messes, according to the editors of a new book.

Austerity & Recovery in Ireland, which brings together the contributions of 24 academics and scholars on the Irish financial crisis, will be launched by former Central Bank governor Patrick Honohan at the UCD Michael Smurfit Graduate Business School this evening.

The publication, subtitled ‘Europe’s Poster Child and the Great Recession’, argues that the economic recovery here should not “simply” be put down to the policies of austerity conducted by Irish governments and overseen by the troika of the EU, the IMF, and the ECB.