In the past two weeks, it has looked as chimerical as ever.

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But although the renewable-energy sector is growing by 30% a year, Mr Ritter's dream of making it the foundation of economic growth seems chimerical.

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The prospect of drilling, digging, and shipping hydrocarbons is not chimerical, but a realistic near-term solution to the economic woes of both Ireland and America.

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Those who prefer chimerical solutions like higher capital requirements maintain that the business of banks would survive forcing banks to rely more on equity than debt to finance their activities.

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