I usually listen to BBC radio 5 early morning business programme at 5.30. For past week or so it has mentioned Ireland as a role model in how to deal with deficiit prob lems. In fact Dan McLoughlin of Bank of Ireland was on the show this morning. What somewhat puzzles me is that notwithstanding the tax increases and wages cuts the Current Deficit for first three months of this year is over One Billion more than similar period last year.