Home > World > Ireland Leads Europe in `Courageous’ Decisions, Canada’s Flaherty Says

Ireland Leads Europe in `Courageous’ Decisions, Canada’s Flaherty Says


Ireland has led the European Union “in taking the necessary, courageous decisions towards fiscal consolidation,” Canada’s Finance Minister Jim Flaherty said in an interview with Dublin-based RTE radio broadcast today.

Commenting on the Standard & Poor’s downgrade of Ireland’s credit rating on Aug. 24, he said he takes the views of ratings companies with “a grain of salt”

“The rating agencies quite frankly were part of the problem that caused,” the global financial crisis, he said. “What is important for governments broadly speaking is that they have a plan and they have the gumption to carry through with the plan.”

To contact the reporter on this story: Colm Heatley in Belfast at cheatley@bloomberg.net

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