Sunday 19 November 2017

Dan White: Even after the bailout we still have a State we can't afford

The Government's unwillingness to tackle inflated public sector pay as the bailout crisis unfolded is unforgivable

Dan White

Dan White

IRELAND will exit the EU/IMF bailout next month without a backstop. However, after enduring almost €25bn of fiscal tightening since 2008, the bad news is that we still have a State we can't afford with average public sector wages 60 per cent higher than those in the UK.

On December 15 the Troika will fold its tent and Ajai Chopra and his mates will depart from these shores. However, anyone who thinks that the formal completion of the bailout marks the end of all our problems is in for a rude awakening.

One of the legacies of the Celtic Tiger era was excessively high rates of public sector pay, not just compared with Irish private-sector workers but also when compared with public sector workers in other European countries.

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