We must live on less, but can our TDs?
Published 13/08/2011 | 05:00
I agree with John Bruton's conclusion to his article (Irish Independent, August 9) that we "have all got to start thinking as Europeans, and devise a plan that is based on realism and modesty in what we ask of our neighbours, and strict honestly in what we ask of ourselves. None of us can solve our problems on the back of someone else's sacrifice."
Eaten bread is soon forgotten, as we do seem to quickly forget the immense funding we did receive from the EEC and then the EU over 30 years, culminating in almost IR£1bn in the late 1990s, under Albert Reynolds's time as Taoiseach. And it was this money we invested in our economy, people, education and supports for business, agriculture and the environment.
In Mr Bruton's article, he outlined how we need to become competitive and pay ourselves less. We can't, though, compete with China, the new economic powerhouse that the United States owes trillions to.