Break euro link and save economy

Our deficit is 15bn per year, every cent of which must be borrowed.

The Government is seeking to save €300m per year for the next three years in Croke Park 2. And a minister recently declared that this will put us back on the ‘straight and narrow’, and that they will not be looking for any more from the public sector for the foreseeable future.

But the €300m represents only 2% of the annual deficit; the Government still has a deficit of €14.7 billion per year. Where is the other 98% of the deficit going to come from, or is it a case of ‘They fear to speak of 98’? And what about the €200bn or so that we have already clocked up, and increasing by over €1bn a month?