Graham Gudgin

Prepare for the rise of Irish Euroscepticism

The EU flag is seen with the statue of Irish trade union leader James Larkin in Dublin (Getty images)

Welcome to the wacky world of Irish national economic accounts. The official figures for Ireland’s tax-haven economy are so bizarre that they have been dubbed ‘leprechaun economics’ by Nobel Prize winning American economist Paul Krugman. And now the distorted figures which are used to measure Ireland’s GDP could be coming back to bite Ireland in the form of contributions the country must make to Brussels.

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