I agree

Just as long as the the government (and the trade unions) stay out of the way:

Irish economy will lead Europe within a decade

As Gerard says

Recovery will arise from the discrete decisions and actions of thousands of business people, entrepreneurs, bank managers and workers deciding they are hopeful for the future and prepared to take the risk of borrowing/lending, investing and hiring to meet the needs they foresee. It is not up to Government or economists or the Social Partners to bring about growth: they just have to get out of the way of those who will.

Sounds about right.