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05/11/2009
Standard Of Living Plummet 'Permanent' Says OECD
A report published today by a major European Community Organisation has claimed Living standards in Ireland are likely to remain 'permanently lower'.
The report from the Organisation for Economic Co-operation and Development, (OECD) said yesterday the 'boom' days for Ireland would not return, and would instead be replaced by a period of 'prolonged' growth.
Also, echoing a number of Irish think tanks, the organisation said lower wages were necessary to restore stability to the economy, and that consideration should be given to reducing the minimum wage.
Cutting the base level of income, including benefits, is being considered by the government as a way of driving down wages and making Ireland more attractive to outside business.
The policy, which has been mooted by a range of Government and Business sponsored think tanks including the ERSI and the controversial McCarthy report.
Confirming the Government's stance today, Tánaiste Mary Coughlan confirmed a number of cuts and restructuring to social welfare, which could be put through the Dáil before Christmas.
The OECD, which is made up representatives from 30 of the world’s developed economies, said the Irish economy can be restored to long-term sustainable growth after a period of 'unusually large' economic unbalances.
(DW/BMcc)
The report from the Organisation for Economic Co-operation and Development, (OECD) said yesterday the 'boom' days for Ireland would not return, and would instead be replaced by a period of 'prolonged' growth.
Also, echoing a number of Irish think tanks, the organisation said lower wages were necessary to restore stability to the economy, and that consideration should be given to reducing the minimum wage.
Cutting the base level of income, including benefits, is being considered by the government as a way of driving down wages and making Ireland more attractive to outside business.
The policy, which has been mooted by a range of Government and Business sponsored think tanks including the ERSI and the controversial McCarthy report.
Confirming the Government's stance today, Tánaiste Mary Coughlan confirmed a number of cuts and restructuring to social welfare, which could be put through the Dáil before Christmas.
The OECD, which is made up representatives from 30 of the world’s developed economies, said the Irish economy can be restored to long-term sustainable growth after a period of 'unusually large' economic unbalances.
(DW/BMcc)
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23 September 2015
Govt To Invest €30m In Rural Towns And Villages
The Government is to invest €30m in rural towns and villages between 2016 – 2021, Ministers Alan Kelly and Ann Phelan announced on Tuesday.
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02 February 2009
Government Of National Unity Can 'Beat Recession', Says Media Mogul
The Irish economic crisis has reached such a point that one opinion-former has called for an emergency government of 'national unity' to be set up. Niall FitzGerald, the Irish Deputy Chairman of media giant Thomson Reuters said there's "a very strong case" for the political parties to unite.
Government Of National Unity Can 'Beat Recession', Says Media Mogul
The Irish economic crisis has reached such a point that one opinion-former has called for an emergency government of 'national unity' to be set up. Niall FitzGerald, the Irish Deputy Chairman of media giant Thomson Reuters said there's "a very strong case" for the political parties to unite.
20 January 2016
Taoiseach Promoting Ireland At World Economic Forum
The Taoiseach Enda Kenny is attending the Annual Meeting of the World Economic Forum (WEF) being held in Davos. Over the next three days the Taoiseach will promote Ireland as a key location for international business and investment at meetings attended by political and business leaders and heads of international organisations from across the globe.
Taoiseach Promoting Ireland At World Economic Forum
The Taoiseach Enda Kenny is attending the Annual Meeting of the World Economic Forum (WEF) being held in Davos. Over the next three days the Taoiseach will promote Ireland as a key location for international business and investment at meetings attended by political and business leaders and heads of international organisations from across the globe.
08 August 2012
Survey Finds Increases In Unpaid Overtime
The number of Irish employees taking on unpaid overtime in a bid to cope with increasing workloads has increased, according to a new survey. Peninsula Ireland questioned 934 employees and found that 67 per cent said they worked additional hours on occasion at evenings and on weekends. That is an increase from 58% recorded in 2011.
Survey Finds Increases In Unpaid Overtime
The number of Irish employees taking on unpaid overtime in a bid to cope with increasing workloads has increased, according to a new survey. Peninsula Ireland questioned 934 employees and found that 67 per cent said they worked additional hours on occasion at evenings and on weekends. That is an increase from 58% recorded in 2011.
08 August 2014
Fine Gael Welcomes ESRI Report
The latest report from the Economic and Social Research Institute (ESRI) has been welcomed by Fine Gael. They have described it as a "testament to the policies implemented under the current Government.
Fine Gael Welcomes ESRI Report
The latest report from the Economic and Social Research Institute (ESRI) has been welcomed by Fine Gael. They have described it as a "testament to the policies implemented under the current Government.
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Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
