EU Crisis and the Irish Economic Miracle

In this 2012 interview, Irish Ambassador Declan Kelly discusses:

- The EU crisis - restructuring promissory notes worth €31bn;
- What's at stake - highly politicised - Spain and Greece seem to be getting easier terms;
- Olli Rehn - pacta sunt servanda – 'respect your commitments and obligations';
- Difficulty of budget deficit target;
- The higher rates Ireland pays;
- Irish support - new EU fiscal treaty - referendum;
- Signs - economic recovery;
- Whether - return - “Doheny & Nesbitt School of Economics”;
- Lessons - low interest rates - inward immigration - bank lending spree;
- Irish diaspora - efforts to lure back 70+m Irish overseas;
- Asia strategy - 1999 - China - Asia-Pacific.