Tuesday 19 November 2019

Cut to the bone

• Again, our Central Bank, the bank that failed us, is advising that our wages are at least 10pc too high, when compared with neighbouring countries.

What it fails to acknowledge is that our costs are still at least 17pc higher than the costs in the same neighbouring nations.

Similarly, the bank fails to explain what will happen if wages here are dropped by 10pc and we are all forced to stop spending.

Spending is already weak!

What are the potential consequences of further spending reductions?

Sean Hennessy
Dublin 24

Irish Independent

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