European policy makers “are doing everything they can to stop recovery taking off, so they should not be surprised if there is in fact no take-off. It is balanced-budget fundamentalism, and it has become religious”.

John Maynard Keynes famously argued that politicians and policy makers are often “slaves to some defunct economist”. I think he was only partially cor(...)

Chris Johns. Photograph: Alan Betson / THE IRISH TIMES

Where will the new jobs come from? Branch closures at Ulster Bank and loss of a call centre contract for Hewlett Packard could lead to over 1,000 job (...)

Protesters in Athen. Since the Greeks want to remain inside the eurozone, they have to bear the resultant pain.

Two and a half thousand years ago, Greece shaped the western mind. More recently, it shaped the response to the financial crisis. Greece suffered a ca(...)