The latest edition of the Connolly Association's Irish Democrat has some interesting material from the annual Desmond Greaves Summer School.
Among the pieces that caught my eye was this contribution from economist Douglas Hamilton on north-south integration:
Traditionally, unionists have argued that Irish economic, let alone political, unity is a financial impossibility due to the size of the British Treasury's subvention to the north, the removal of which would have a dramatic impact on local taxes to support the public services.
While breaking the financial link with Britain would involve severe costs, it is worth making some revised estimates of what the consequences might be in the 21st century. The south has been running a substantial fiscal surplus throughout the 1990s and it can be argued that Britain's subvention to the north is likely to fall.
The hypothetical fiscal position for the whole of Ireland would be a deficit. However, that public deficit is likely to be below the Maastrict criteria of three per cent of GDP, making, in the short term at least, an integrated Ireland economy no longer something to be seen as a financial impossibility. (Irish Democrat)
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