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?
Captured it perfectly - I think we have put our heads down and responded in a very positive way to drive these shoots of recovery.Shoots of recovery yes but alot of it is down to the people of Ireland and their response either by surviving, leaving, or just hard work. Just my thoughts and happy Christmas to all, Padraic
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