Is there anybody out there who STILL puts any weight on the opinion of “financial experts”?
“The European Commission has warned the Irish economy is particularly vulnerable in the wake of the housing boom and the erosion of its competitive position. In a report released today, the Commission recommends careful prioritisation of public spending, strengthening productivity and rebuilding competitiveness as key factors in helping the country to weather the current financial crisis. The report is part of a regular review of Member States’ national programmes to create growth and jobs. Each country’s progress is monitored by economic experts and specific recommendations are issued.”
Not so sure I agree with that. I suppose it depends what is meant by “prioritisation”? Productivity can of course be strengthened but that may mean more job losses and the currency issue is left unaddressed.
However the bit that caught my eye was this..
“Commission President Jose Manuel Barroso said the EU must agree and implement the much-needed structural reforms set out in the report’s recommendations “to pave the way for a gradual but lasting return to creating growth and jobs, within a greener and fairer economy.”
What does that mean? Socialism, I’m guessing.