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February 05, 2018


Pat O'Connor

You use the term 'our peer group'(And EU peer group). If this refers to the EU15 then it is even starker as it would include Greece Portugal and Spain, countries that have cutback public spending eeven more than Ireland.

Michael Taft

Pat - the EU-peer group refers to the EU-15 excluding the Mediterranean countries (Spain, Portugal, Greece and Italy). I also exclude Luxembourg since their national accounts is just as problematic as ours due to multi-national financial institutions. Given that we have to now compare using per capita and price measurements, there is little sense in comparing with much poorer countries.

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