I was just thinking through all the progress we've made of late that has been reported. Positive stories include:
1) We've got our money back on BOI and Irish Life (€5bn+)
2) unemployment rate is down to 12.5%, driven by an actual increase in jobs rather than emigration (it has steadily improved for 17 months)
3) 10 year govt bond yields are around 3.5% and we have been able to exit the bailout
4) We look like we might actually achieve our budget deficit targets by 2015
5) Our competitiveness has gradually been restored, particularly compared to the UK
This is nothing short of miraculous given where we were a few years ago, yet this forum is eerily quiet. Are people still wary?
1) We've got our money back on BOI and Irish Life (€5bn+)
2) unemployment rate is down to 12.5%, driven by an actual increase in jobs rather than emigration (it has steadily improved for 17 months)
3) 10 year govt bond yields are around 3.5% and we have been able to exit the bailout
4) We look like we might actually achieve our budget deficit targets by 2015
5) Our competitiveness has gradually been restored, particularly compared to the UK
This is nothing short of miraculous given where we were a few years ago, yet this forum is eerily quiet. Are people still wary?