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Fri 12 Dec 2008Stimulus package will not solve Ireland's economic problems

Lower taxes and higher borrowing cannot eliminate our structural budget deficit, writes Jim O'Leary

EAMON GILMORE is right. The Government's fiscal problems are the result, not the cause, of our current economic woes. He is also right to follow this diagnosis with the question of whether some form of fiscal stimulus might have a part to play in getting the economy back on track. My heart is with him when he suggests the answer is yes, but not my head.

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