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Cowen’s first crisis

When Gordon Brown took over from Tony Blair last summer, he was hit by the floods and then the foot and mouth outbreak — and went up in the polls. Brian Cowen might need a similar trend over the next couple of months. With Lisbon and the economy already looking like the hot potatoes of [...]

Where we are Losing Jobs

It has been conventional wisdom that the rise in unemployment has primarily been related to the fall in the construction industry. The arguments of political and business leaders stress that the bulk of the economy is in good shape and we are simply going to have slower growth for a while.

Economic Conundrum as Unemployment Rises

The CSO figures for April’s Live Register were released this morning, with Exchequer figures due out later today. The numbers only continue with the trend seen in recent months as the number of people on the unemployment list tends towards 200,000.
The number is without a doubt a worry for the government. We will be hearing [...]

Building a M1 corridor

A nice event for Brian Cowen — he gets to meet his fellow leader-in-waiting north of the border, Peter Robinson (no mention of what Ian Paisley said about his lips), and they agree on a scheme which will see the International Financial Services Centre extended to Northern Ireland via a modification of IFSC’s tax exemption [...]

The Truth About Irish Wages

The new union, UNITE (the merged ATGWU and AMICUS unions) has just published a report on Irish wages which is sure to prove controversial. It flatly contradicts the prevailing consensus that Irish wages are somehow ‘high’, that Irish wage growth is high relative to our EU trading partners and that these ‘high’ wages are one [...]

The Economic Legacy of Bertie Ahern

Paul Tansey wrote an impressive list of economic achievements during Bertie Ahern’s tenure as Taoiseach:
On Ahern’s watch, the Irish economy almost doubled in size, while the numbers at work increased by one-half . . The unemployment rate declined from 10.4 per cent in 1997 to 4.6. In the 10 years from 1987 to 1997, [...]

Cowen Formally Announces Candidacy for Fianna Fail Leadership

Brian Cowen released a statement in the last hour announcing his candidacy for the Fianna Fail leadership and succession of Bertie Ahern. It is interesting to see he was nominated by Brian Lenihan, a man widely tipped to have his eye on becoming the Brian Cowen’ to Brian Cowen and succeeding the next Taoiseach when [...]

Economic Genius, Brian Cowen?

The Live Register jumps 12,000 in one month, the biggest ever such increase for the third month in a row while the standardised unemployment reaches 5.5%.
International factors I hear you say? Then why has unemployment being falling over the past year in the EU and the industrialised world more generally?

The Legacy Of Bertie Ahern

The time of the departure of Bertie Ahern has now been announced. What of his legacy, his place in Irish history? Here are some points that might be considered.

Ahern, Cowen, The Economy and the Public Finances

The two areas of Irish life and politics, understood widely, that are likely to feel the fallout of Ahern’s announcement today are the Lisbon referendum - for a myriad of reasons, not least the implication an FF leadership race has for setting a date and the distraction from debate said provides - and the worsening [...]

Fianna Fail Odds-on to Win the Next General Election

Economic growth to slump to the lowest levels since the recessionary 1980s. Unemployment to rise. Inflation heading back up. Tax revenue slumping. Exchequer deficit out of control. Export growth sluggish. No direction, no respite, no hope and . . . no ideas. Yep, it looks like Fianna Fail is odds on to win the next [...]

A Bit Tight?

Today’s ESRI Quarterly report is not pleasant reading. Growth at 1.6% a deficit of nearly €10 billion by end-2009, the construction slump to continue well into 2009 and worries about unemployment.
Happy St Paddy’s weekend all.

The Economy in 2008 and Beyond, “Tough times” and “tightened belts”

This post actually started a while back, the last time Bertie mentioned we would be tightening our belts this year, I decided to finish it because he mentioned it again yesterday.
We know that the US is as good as in a recession, their central bank doesnt seem to have much capacity to stall the bad [...]

Does Leo Varadkar believe in ghosts.

From Fine Gael
February saw the biggest ever monthly increase in the live register in absolute terms, proving that Fianna Fáil has killed the Celtic Tiger. The crucial 5% barrier has been broken with unemployment now running at 5.2%, the highest since August 1999. The spectre of mass unemployment has returned to haunt the country.
The [...]

Sean Dunne, Prince Hans, the Gestapo and Hot Property Deals in Poznan

A number of European leaders have been going through a difficult patch: President Sarkozy, Taoiseach Bertie, Prime Minister Brown and caretaker Prime Minister Prodi. But spare a thought for His Serene Highness Johannes Adam Ferdinand Alois Josef Maria Marko d’Aviano Pius von und zu Liechtenstein, Sovereign Prince of Liechtenstein, Count of Reitberg and Duke of [...]

Further Cooperation between Sinn Fein and Labour

On a Private Members Bill in the Dail tomorrow, Sinn Fein and Labour will jointly propose enshrining rights for agency workers into law. The bill itself is most worthwhile, agency workers are often the last to benefit from employment rights as their netherland status allows for ‘flexibility’.
The Sinn Féin/Labour motion says that without legislation [...]

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