Have bank managers -other than top executives - taken a hit, have Barristers reduced their fees? Have Medical consultants or even your local GP? Half a million Euro p.a. is not unusual for a consultant - half of that from the Government for a part time job. Even top civil servants have managed to largely reverse the planned budget cut whilst junior civil servants take the full hit. These guys were earning way more that their EU counterparts in most instances, and indirectly they effect the cost of living and doing business here for everyone else.
Are Fine Gael going to socialise private medicine - never. Will labour? - not at the moment. notes from no w here
The whole medical system is a mess, and it's not cleat to me what good "competition" is going to do.
If you want to reduce the total cost of the medical system, you will have to socialise it, but as it stands our private system is damaging the competitiveness of the rest of the economy by creating huge costs for all that have to be reflected in wages and the cost of doing business. notes from no w here
My experience of solicitors at the mo. is that they are making work for themselves by abusing the legal system by maximising legal obscurantism.
That would be business as usual for corporate lawyers - and many other kinds of lawyers too.
When you're being paid a few hundred an hour for playing with your pencils and designing incomprehensible sentences, there's no particular incentive to be clear, concise and straightforward.
Of course this runs counter to the prevailing ideology, so here we are. En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
Your imagination is the limit.
Perhaps on the balance sheet of another company. Usually on the balance sheet of a Special Purpose Entity (SPE). Your company's shareholders perhaps know it, perhaps not.
do you mean "creative accounting"? I prefer to call it "financial engineering".
Anyway, you can't fault the Irish for not trying it on... notes from no w here
So much pressure to reform accounting standards to reflect mark-to-market and it had to come to this... En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
Once the economy starts recovering it will be time to reduce public spending and raise taxes by 3% and more, not while the economy is still in a nosedive. En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
Debt to GDP ratios be damned (assuming the debt is used to return the economy to a normal level of activity)
Normally I would agree but:
I don't think going back to a debt/GDP ration of c.100% is a good idea. ... Irish public and private foreign debt is c. 800% GDP, so we are huge over-leveraged as it is.
...
Irish public and private foreign debt is c. 800% GDP, so we are huge over-leveraged as it is.
The question is whether the ECB can and will be a lender of last resort to Irish banks. En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
