Ronan Lyons | Personal Website
Ronan Lyons | Personal Website

January 2011

A letter to the Class of 2011, Ireland’s luckiest generation

With the general atmosphere in the country so depressing, the Leaving Cert Class of 2011 could be forgiven for thinking they are a bit unlucky. However, as they get ready to submit their CAO options, a little perspective should reveal that they are incredibly lucky, not just compared to their counterparts who picked courses at the height of the boom, but also compared to pretty much every previous generation. This post reminds the Class of 2011 which has the chance to choose future-proof skills of just how lucky they are. It outlines two key areas, one for those who like numbers, one for those who like words, where Ireland will have huge demand for skills over the coming years. Read more

The Irish Bank Sandwich: Time for the EU to face up to reality

This post looks at the case for allowing the international bondholders of Irish banks to get away scot-free from their responsibilities as lenders and finds it wanting. It outlines the two great excuses that have emerged since the “Great Financial Crisis”, one by borrowers and the other by lenders. Neither rings true in the case of Ireland, a microcosm of the global finance environment over the past ten years. Irish banks stand in the middle of a sandwich between Irish households and international bondholders. Each must pay their price, including bondholders. Read more

Eleven reasons to be cheerful

This post outlines 11 reasons to be cheerful about Ireland. The country is not bust, some key sectors – including agriculture and our exporters had a very good 2010, and our tourism sector has got two big thumbs-up for the year ahead. Indeed our service exports are booming, not least thanks to vastly improved cost competitiveness. The IDA continues to find jobs for Ireland, while our spirit of enterprise means we have emerging players in ICT, life sciences and education to be proud of. Read more

2010 marks the end of a single national property market

This post reviews the latest Daft Report, which outlines trends in house prices around Ireland over the course of 2010. In particular, it discusses the end of a single national property market and how the focus should now turn to the different regional markets around Ireland. Some of these, particularly in the cities, look quite close to the adjustment “finishing line”, while others may perhaps be only half way through their adjustment. Read more