6 2 mins 13 yrs

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.

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  1. What does that mean? Socialism, I’m guessing.

    The opposite is more likely. ‘Structural reforms’ means gutting public services.

  2. Lord love old Ireland; where is Jonathan Swift and his ‘Modest Proposal’ when you need him?

  3. "within a greener and fairer economy.”

    "Fair" is turning into the ugliest word in the English language. Or remembering my Macbeth. the Bard knew it all along when the witches said:

    "Fair is foul, and foul is fair.."

    It seems that everything today that is called fair is foul to me. Is it fair that I pay my mortgage, but the shirkers are rewarded with government money? Is it fair that bad businesses are rewarded the same to the detriment of the good? Is it fair that lilly white hands in Washington are rewared with millions of other’s money while hands darkened with a hard day’s work are taxed? Fair they tell us they want, and foul they deliver!

  4. We possibly didn’t hear the whispered words from our friend(?) Barroso about how Ireland would be so-o-o-o-o much better off if they shovelled on the steam and pushed out the Constitution Lisbon Treaty question to get the expected ‘yes’ from the Irish sheep, and then all sorts of nice things would happen to the Irish economy.

  5. I heard a Rdepulican today talk about the success of the ROI and low taxes. His point was true, but I don’t think he’s gotten the latest memo!

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