tag:blogger.com,1999:blog-8817171247555815363.post1796991283740811540..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 29/03/2010: PS productivity deal will cost us allTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8817171247555815363.post-45631534544161065552010-04-07T15:42:07.081+01:002010-04-07T15:42:07.081+01:00Had a listen to newstalk radio today at lunchtime ...Had a listen to newstalk radio today at lunchtime with Eamon Keane. The idea of the Nordic model and outsourcing. <br /><br />The short little paper by Albert A. Foer might shed a little light on your ideas on the public service re-structuring in Ireland.<br /><br />I haven't read Jeremy Rifkin's, The Age of Access, but I notice it referenced at the end of Albert A. Foer's paper. <br /><br />http://www.antitrustinstitute.org/archives/files/356.pdfBrian O' Hanlonhttps://www.blogger.com/profile/09185216066875647495noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-23136283880798816762010-03-30T13:19:04.257+01:002010-03-30T13:19:04.257+01:00Sadly, the mess Irl is not unique. To acknowledge ...Sadly, the mess Irl is not unique. To acknowledge the exposure of European banks, mainly German, to the Irish and other peripheral economies illustrates why Ireland will continue to stumble from pillar to post. A dramatic solution to burgeoning public debt can only come from their willingness to stop buying and arguably sell Irish and other PIIGS assets, driving a much deeper deflationary contraction and real adjustment in asset prices. A buyers strike - the corollary of a borrowers default. To date, government bond markets remain open, providing a necessary lifeline of credit to otherwise credit starved economies. Hence, buyers remain albeit it at more favourable terms to them. If the euro surplus countries stop buying these government bonds, rendering the entire debt stock illiquid, the entire euro bloc will collapse as will the domestic banking systems of the creditor countries, not to mention the economic catastrophe that would strike the PIIGS. Germany and the ECB will not let that happen. I therefore commend efforts to boost productivity across all sectors of the economy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-52656977901061196772010-03-30T09:17:06.577+01:002010-03-30T09:17:06.577+01:00Dr. Gurdgiev,
"Since productivity gains do n...Dr. Gurdgiev,<br /><br />"Since productivity gains do not address the issue of reducing actual spend in the public sector" . . . . .<br /><br />The so-called Transformation Agenda will lead to major job cuts within the PS. Indeed last night Harney announced that there will be 6000 job cuts within the Health Service alone next year. it is estimated that within this agenda 20000 PS workers will lose their jobs.<br /><br />This deal does not necessarily commit to further pay cuts as there is a 'force majeure' clause for the Govt to enact.<br /><br />The reality is that FF are leaving the next Govt to clean up their mess. The cuts are coming - No doubt about that.Robertnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-45881849829957257652010-03-30T05:39:42.277+01:002010-03-30T05:39:42.277+01:00Eighty billion in "bad Bank" property lo...Eighty billion in "bad Bank" property loans is close to €80,000 per private sector worker.The Galway Tenthttps://www.blogger.com/profile/05785991600065262397noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-58355472383016817862010-03-30T05:16:39.324+01:002010-03-30T05:16:39.324+01:00I dont hate Fianna Failers! Some of my best friend...I dont hate Fianna Failers! Some of my best friends are Fianna Failers. Lol. <br /><br />The obvious solution to this problem is to adjust the pay cuts so that higher paid civil servants take bigger cuts and lower paid ones are given a break. Granted, the higher paid civil servants are paying more tax but they would still be better off then the COs earning under 35k a year.<br /><br />Is there any reason why this is not the obvious solution?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-86698561221164875322010-03-29T22:23:24.773+01:002010-03-29T22:23:24.773+01:00Another excellent post Dr. Gurdgiev. If the govern...Another excellent post Dr. Gurdgiev. If the government continues down this road then a lot of workers who do have jobs will end up migrating anyway. That €13,000 number is frightening!Irish-Techiehttps://www.blogger.com/profile/11199976781896447272noreply@blogger.com