Sunday 11 December 2016

Export growth will reduce debt – but only if spending is curbed

Published 07/02/2013 | 04:00

'IF only we had the weather," Irish people often sigh as they survey the country's magnificent beaches. "The Mediterranean wouldn't stand a chance."

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Maybe there is more to it than just a different climate. The old chestnut of public versus private sector was given another roasting last week, with ESRI researchers claiming the gap between the two was 19pc, rather than the 7pc estimated by the Central Statistics Office.

I'm not going to get into all that this week. Instead, there is the observation which seems to be common to both the ESRI and the CSO; that private sector pay tends to be higher than public sector in northern Europe, but it is the other way round in southern Europe – and Ireland. We have indeed everything but the weather.

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