Monthly Archives: April 2016

Public Pay and Health: daunting challenges for government

By 2000 Ireland had become the fourth most competitive country in the world[1].  Growing at 11 percent, the economy was the most successful in the EU[2]. There was full employment[3].  The budget was in surplus[4]. Public debt, at around 20%, was, after Luxembourg, the lowest in the EU[5].

Less than a decade later, Ireland was insolvent and in the hands of the Troika.  Competitiveness had plummeted by 35 percent[6], unemployment was growing towards 15 percent[7]. The public sector pay bill had become so great and social … Continue reading...