Saturday 24 June 2017

Brendan Keenan: It's 1970: Industrial unrest and a jobless rate of 7pc are key concerns

For the month of August, Brendan Keenan looks back on four decades of economic ups and downs, with the columns he might have written had he known then what he does now, starting with 1970

Brendan Keenan

Brendan Keenan

WE have gotten along remarkably well without a functioning banking system. The bank branches have been closed for more than six months this year, because of the bank officials' strike. Yet the economy has come through reasonably well.

Of course, things were not helped by the fact that, because of a different strike, the cement industry was closed for almost six months as well. At some point, the country is going to have to deal with its lamentable industrial relations record.

It should not be beyond the wit of man, in such a small country, to devise a less damaging way to deal with disputes over pay and conditions.

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