The speech at Washington DC’s Georgetown University by former Taoiseach, Brian Cowen, has attracted some comment since it was reported last week in the Financial Times and Irish Times. Much of that comment has focussed upon just about everything about from its contents. It is a well drafted and cogently argued analysis of the crisis that befell both Ireland and the EU and well worth reading in full: Speech By Fmr Taoiseach B Cowen – 21.03.12
Given the venue and context it is evident that this was meant as a low key, considered and informed contribution and not as a political foray. While I think it will, in time, be seen as an important analysis of the situtaion from 2007/08 onwards. I also think it is important to note how the former taoiseach took the opportunity present to talk Ireland up and to touts for business and investment for Ireland. This is particularly evident in the final paragraphs of the speech:
“I believe Ireland is one of the best locations in the world to establish and to grow a business. This is not just rhetoric but is reflected in the rapid on-going overseas investment which is occurring in Ireland. Ireland is not just open for business but as, I believe, any independent assessmentwould indicate it is among the best places in Europe to start and grow an international business. This will ultimately pay off for our citizens. Indeed all of the fundamental strengths which prior to the crisis meant that Ireland had one of the highest growth rates of GNP per capita among advanced countries for a very long period are still in place and in many respects our advantages have improved in terms of increased cost competitiveness.”
derekmooney.ie 