Labour's way, Frankfurt's way - or back to the old ways
The news that Brendan Howlin and co are going to gut the Financial Emergency Measures in the Public Interest Act 2009 and start the procedure to increase the public service pay bill once again, proves beyond a shadow of doubt that this Government is in full retreat from the financial policies that have brought this country back from bankruptcy.
At a time when growth is tenuous and government expenditure still outstrips public income, the Government is leaving the path of financial rectitude and taking the path of Charlie McCreevy - spend the money and spend often. Labour can foresee a large number of its TDs joining the dole queues after the next election and it's trying to shore up its support among some of its strongest supporters - the public service unions.
It should be noted that the Government will have to make some meaningful concessions to the protesters against Irish Water. That will cost money, money which Michael Noonan will have to find elsewhere.