FT's take on the economy

Anonymous1987

The FT comments on the current state of the Irish economy here, the Irish banking sector here and Liam Carroll and NAMA here.

jimmmy

nothing that new really eg the comment in the article " the IMF says “further cuts in the public service wage bill are likely to be inevitable”, pointing out that public sector wages are on average 20 per cent higher than in the private sector "

Yixian

On the plus side, hopefully the recession will bring some more street art like this. Get them down the docklands to give Point Village some ****ing character :P

ei.sdraob

The adjustment measures already taken have been considerable, amounting to about 5 per cent of GDP, according to officials. “That is the kind of thing the IMF imposes on countries which need to be rescued – and we are doing it for ourselves,” says Dermot O’Leary, an economist with Goodbody stockbrokers.

that jumped out at me

Dob74

I have to agree that ACC want another bank to buy out there loan to Carroll.
ACC have exposed the scam that is NAMA. Pay 70% of loan value worth 30% of orginal value. No way