Economists warn move is ‘short-term political gamble’

Leading Irish economists have questioned the Coalition’s decision to exit the bailout without an emergency credit line and claimed the move is a short-term gamble for political gain.

Despite Coalition claims that there are is a “benign window” and it is timely for Ireland to regain its status as a normal eurozone member, commentators told the Irish Examiner they had concerns no economic “insurance policy” was being put in place.

* Economist David McWilliams said: “It’s extraordinary they don’t bother putting insurance in place on a non-recourse basis. We don’t know why they are gambling.