Draghi "turning the euro into the lira"

A hotel that found itself ‘underwater’, and which had to be bailed out by foreign money, was an apt spot for economist, David McWilliams, to expound on matters financial.

The commentator attracted several hundred invited guests to an evening talk arranged by O’Leary Life and Pensions, for whom McWilliams pens a weekly investment note. Venue was the post-flood Kingsley Hotel, bought by the Chinese Kang family for around €6m.

Topics ranged from the recovery in the US and UK economies to Britain’s likelihood of leaving the EU and its effect on Ireland as a major trading partner. He also spoke about Sinn Féin coming into Government, and included observations on debt deals, and quantitative easing. On the latter, printing money, Mr McWilliams quipped: “Germany has outsourced its bad behaviour to an Italian, Mario Draghi, who’s trying to turn the euro into the lira.”