Wednesday 13 December 2017

Prudence with the purse strings

IT has been said that Cuba's three great triumphs are in health, education and sport, while its three great failings are breakfast, lunch and dinner. An overly cynical commentary, perhaps, on a country that has struggled with an economic blockade for decades, but it does say something about how a people chooses to spend whatever meagre wealth is available.

There are conflicting messages today about the way the Irish choose to spend scarce resources in a recession.

In a radio interview yesterday, the Finance Minister said that confidence was returning to the country and, on the face of it, his optimistic message was backed up by the news that retail sales have increased for the first time since the recession began.

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