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2 of 2 people found the following review helpful
5.0 out of 5 stars First rate primer on how Ireland stumbled into the arms of the IMF, 17 April 2014
Paul Macdonnell (Dublin, Ireland) - See all my reviews
This review is from: Plan B: How Leaving the Euro Can Save Ireland (Kindle Edition)
This is a very concise, detailed and accessible account of how and why Ireland's economy crashed in 2009/2010. Lucey places the blame squarely on the EURO and the fact that too-low interest rates, poor lending discipline and reliance on wholesale funding led all of Ireland's main banks to insolvency. I would be a little harder on the role of government spending which doubled in the years leading to the crisis (for no very good reason) and which has led to predatory and extractive taxes on private sector income and pensions rather than substantial reform of the bloated public sector. But this is not his main focus. Lucey understands very accurately, the policy problems raised by the Euro and his book is simply indispensable for anyone wishing to know where Ireland is at right now.
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Plan B: How Leaving the Euro Can Save Ireland
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