Sunday 18 March 2018

No such thing as a jobless recovery

HOW is a "jobless economic recovery" possible? Ernst & Young's Eurozone Forecast (Irish Independent, June 24) states that Ireland is forecast to experience a sluggish and largely "jobless" recovery.

It then goes on to explain that this is because of our continuing "debt overhang" and pressure to reduce government borrowing has major implications for current public sector spending and capital investment as well as employment.

Now I get the latter, I think we all do. So here's an idea: Let's not throw €22bn plus down the drain on Anglo, billions that come directly out of government expenditure.

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