Look on the bright side

THE Government simply can’t permit Professor Morgan Kelly’s latest pessimistic prediction become reality.

With the IMF/ECB/EU now firmly on our side it has adequate cash resources to ensure this doesn’t happen. How prudently and wisely Minister for Finance Michael Noonan uses this money, in creating an environment that will bring full employment, is the true barometer in gauging our economic position three years hence. On the positive side —- our agri/food, technology and pharmaceutical sectors are booming. We have an unlimited supply of educated, highly-skilled, very eager workers.

Our tourism, business, conferencing, sporting and scenic amenities remain partially unexploited —- while our beautiful hostelries and leisure centres are craving for custom. Hopefully, when the three years are up, both the problems surrounding the bailout and Morgan Kelly’s forecasts will have no more significance than a fading rainbow.