Wednesday, June 29, 2005


The Irish economic boom that peaked in 1999–2000 finally petered out in 2002, which would be remembered as the year in which readjustments had to be made in light of new realities. Budget surpluses became a memory; spending for health and education was cut back; and infrastructure developments were scaled down or deferred. It became clear that in framing a budget for 2003, the government


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