2/5/2013: Gravy, door, windows... JobBridge

Here's something that can be described as a pricey exemplification of the 'Only in Ireland' policy approach to public institutions:
http://www.independent.ie/irish-news/consultant-report-into-controversial-jobbridge-scheme-recommends-more-reports-29236030.html

That's right: JobBridge 'internships' scheme (or rather 'free labour for few months' scam concocted by the Government to register further 'improvements' in 'labour costs competitiveness') has been assessed by the public sector captive research outfit Indecon (aka ESRI Junior).

And the conclusion of the already pricey report is that we need more and even pricier reports.

Gravy flooding through the door is apparently not enough... need windows access too...

31/3/2013: Structural Reforms in Ireland: Far From Best-in-Class

Some interesting charts from the ECON review of the peripheral countries' structural reforms implementation during the crisis (full report is available here):

Note that by both measures, Ireland is not the 'best pupil in the class':

• By unadjusted metric, we are second in the 'class' in terms of responsiveness rate, but
• Once adjusting for the difference in reforms implemented and underlying conditions, we are only in the fifth (note: ECON chart is taken from the chart produced by the OECD, reproduced below which clearly shows our position to be worse than that of Italy)

In part, the above is driven by the fact that we have started our reforms earlier than other countries, hence, for example, in terms of labour market changes, we have most of the gains in the Gross Value Added per hour worked peaking in 2009-2010. Also, notice that our performance relative to other peripherals has deteriorated in 2011-2012 and is expected to remain there in 2013.

In part, however, the adjusted score is driven by structural differences in reforms adopted. And this implies that per OECD we are still ranked only fifth in the peripheral economies group when it comes to the adjusted scores over the broader period of 2009-2010 to 2011-2012:

21/1/2013: An Uncomfortable Question

Let's ask our Government an uncomfortable question: 

The Government claims (legitimately, to some extent) that 

1. The economy has stabilised & fiscal situation has improved significantly and
2. The Croke Park agreement 1.0 delivered what it required in terms of savings. 

Thus, by (1) & (2) things are going according to the MOU-sealed plan (signed within the confines of the Croke Park 1.0) and there are no new urgent pressures or shocks arising. 

In that case, why does the Government need Croke Park 2.0 with another round of EUR1bn 'savings'?

The idea that we need structural reforms in the public sector is not exactly hot on the Government's agenda. Furthermore, that idea was already, allegedly, reflected in the Croke Park 1.0 which was a 'success' per Government official accounts. Lastly, all structural reforms were supposed to deliver on targets set within the MOUs and these are consistent with the Croke Park 1.0.

So which side of the Government is talking porkies? The side that claims Croke Park 1.0 has delivered on reforms and changes and savings needed or the side that claims we need Croke Park 2.0?