A wake-up call for politicians
THE Central Bank carefully avoids getting into politics but, with the economic crisis the one and only issue in the election campaign, its latest analysis is bound to have a political context.
The two dominant issues in the early days of the campaign have been the terms of the rescue bailout and the jobs crisis. The Central Bank quarterly has something to say about both; although not all of it will help the political parties as they line up their promises.
Each must inevitably maintain that life would be better if they were in government. The Bank's economists point out how very difficult that will be to achieve over the next few years.