Speaking in the Dail this week, Irish Finance Minister, Charlie McCreevy gave a bullish assessment of the jurisdiction's economic prospects, and of the Republic's ability to withstand the impact of the war in Iraq and continuing global economic uncertainty.
Although he admitted that the Irish authorities want to see inflation, currently running at twice the EU average, reined in, Mr McCreevy rejected allegations that it is government decisions which have fuelled the high levels.
In conclusion, the Finance Minister observed that if unrealistically high expectations are modified, and the economy remains reasonably competitive, Ireland will survive the global downturn 'better than most'.
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