17 February 2013 12:00 AM
Some good news about Ireland. No, it's not that austerity seems to be working and that Dublin is regaining access to the financial markets and is now less dependent on life support from Europe. Austerity may indeed be working, but the social costs are huge and continuing, and they are falling largely on people who had nothing to do with the disaster. So any success has to be set against those costs.