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Thursday, October 15, 2009

Silicon Republic lays down the gauntlet

Kieran O'Hea from Marano Consultants drew my attention to this article. Spot on. Let's not make the same mistake twice.

"In 2002 Ireland was at a crossroads. It could have focused its energies on creating a vibrant,

innovation-driven economy led by well-funded entrepreneurs driving scalable export-oriented

businesses that would generate employment in parishes across the land. Or it could have focused on the then burgeoning construction industry, which saw opportunities in the housing boom. We opted for the latter route, more Irish money went into the commercial UK property market than local businesses and the rest – including €90bn of financial debt which NAMA will have to absorb – is history. But it could have been different. It still can be different.”

posted by Neil Leyden @ 11:43 a.m.


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