Populist politics that will please public sector workers just in time for the polls
Social partnership is back. Is it a bad thing? In the short-term, probably not. But longer term, there may be cause for concern.
Yesterday's deal marks the first step in compensating thousands of public sector workers for the cuts endured during the crisis, and it may just safeguard industrial harmony for the coming years.
But economists warn that it does little to ensure improved public services, better productivity, and, ultimately, value for the taxpayer.