Slip of the tongue for eamon o'cuiv

wobbles-grogan · 08-10-2010 02:51PM #1

He said

Eamon o'cuiv wrote:

We will have a month…to discuss how we will achieve the 4.3…sorry… the 3% of GDP target that we need to achieve

Read more: http://www.breakingnews.ie/ireland/o-cuiv-points-to-43bn-budget-haircut-476928.html#ixzz11mMhWFm0

Thats a big Ooops on his part :eek:

4.3 billion though, i fear for my wages....

dr.bollocko · 08-10-2010 02:53PM

Moved from AH.

wobbles-grogan · 08-10-2010 02:54PM

Oops sorry so used to going to AH i didnt even think about where i was posting it!

starbelgrade · 08-10-2010 02:54PM

Paul Gogarty's latest twitter reads;

F*ck you Eamon O'Cuiv. F*ck you & your percentages.

P. Breathnach · 08-10-2010 03:00PM

starbelgrade wrote: »

Paul Gogarty's latest twitter reads;

F*ck you Eamon O'Cuiv. F*ck you & your percentages.

Looks like the cue to send this back to AH.

SeaFields · 08-10-2010 03:08PM

I don't know how he maintains he meant to say 3%....my fear is that he just let one massive 4.3billion cat out of the bag. Brian Lenihan will not be too pleased with him.

flutered · 08-10-2010 03:11PM

could it be the usual dff waffle, come budget day it will be a smaller tax take,

RichardAnd · 08-10-2010 03:36PM

Well cuts of more than 3 billion were already hinted at. 4.3 billion seems reasonable really.

murphaph · 08-10-2010 03:53PM

flutered wrote: »

could it be the usual dff waffle, come budget day it will be a smaller tax take,

But we know the state of the public finances. We know we are spending 20bn a year more than we take in. Cutting this to 15.7bn a year is just a first step. If anything, 4.3bn is not enough.

snubbleste · 08-10-2010 04:31PM

Exactly murphaph,

Also we were told last year that we need to take out €4bn out of the economy every year for the next few years.

I'd say Cuív Ó gave out the figure deliberately to 'prepare' the great unwashed, watch for serious spinning next december.

dan_d · 08-10-2010 05:16PM

What's the GDP? Work out 3% of it, you'll figure out pretty quick is 4.3bn is correct.

Einhard · 08-10-2010 06:28PM

Slip of the tongue my Aras. Preparing the ground for the inevitable more like.

johnnyskeleton · 10-10-2010 10:48AM

wobbles-grogan wrote: »

He said

Read more: http://www.breakingnews.ie/ireland/o-cuiv-points-to-43bn-budget-haircut-476928.html#ixzz11mMhWFm0

Thats a big Ooops on his part :eek:

4.3 billion though, i fear for my wages....

Well it would be worse for you if he meant that the budget would bring the deficit back down to 3% of GDP rather than that the deficit would be cut by 4.3bn.

To get it down to 3%, we need cuts of 17bn.

Also, cuts above 4bn have already been signalled.

johnnyskeleton · 10-10-2010 10:55AM

dan_d wrote: »

What's the GDP? Work out 3% of it, you'll figure out pretty quick is 4.3bn is correct.

If he meant cut the deficit by 3% of GDP this year, that would be c. €4.8bn in cuts.

RichardAnd · 11-10-2010 12:09AM

I'm surprised no one picked up on this:

http://www.rte.ie/news/2010/1010/economy.html

Seems to confirm it really. I'd rather he gave definite figures than "well above" 3 billion. I'd say it will be about 5k million.

Slip of the tongue for eamon o'cuiv

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