By FIONNAN SHEAHAN
Tuesday March 17 2009
FINANCE Minister Brian Lenihan said last night the recession in this country is worse than in the rest of the world.
Mr Lenihan said Ireland is facing a "very difficult recession", but the country's membership of the eurozone will help us against the downturn.
He spoke shortly after Federal Reserve chairman Ben Bernanke said the recession in the US could end this year. Mr Bernanke's comments prompted a surge in global stock markets.
But Mr Lenihan was more downbeat about Ireland's immediate prospects.
Peacenik is thinking about drinking some green beer and wearing an Irish soccer shirt tonight. And Peacenik is thinking about the Irish economy. A couple of years ago Ireland's economy was seen as the wonder of the EU. Now it is in tatters. The headline to this post sounds kind of downbeat. Here's the headline from another Irish newspaper: Lenihan confident crisis can be tackled. It seems that Ireland has its own Stephan Harper. Talking up the economy while it is circling the drain. Bad news? Just read a different paper. But who cares? Green beer tonight.
