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Thread: ESRI Report - Ireland Will Meet Budget Targets in Three Years

  1. #16
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    Quote Originally Posted by C. Flower View Post
    Love it
    Oops, didn't spot that.

  2. #17
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    Quote Originally Posted by disability student View Post
    3 more budgets would leave this country in a massive wreck with the main driver consumption down all year. This Govt was/is unbelievable when it comes to their thinking of raising Vat in 2012 and 2013 in the coming budgets. It doesn't work in real life.

    You will have to seriously question the competence of our own politicians especially the Finance minister Noonan. Recall that in the last few months, Noonan urged us to spend our monies which was a sheer folly on his part given the background of high unemployment rates and no financial stimulus allied with re-generating new jobs.

    The best candidate for that job is Peter Matthews.

    ESRI is a govt funded body and also an 'officially' cheerleader for the FG/Lab govt and they have lost all the creditability of an independent voice on economic matters.


    At the end of the day, Jobs and investment are the main drivers of our economy back on the road to recovery. I can't see that coming because FG are totally committed to FF 'dire' economic policies.

    Eddie Hobbs speech last Dec as he said to us students.. Ireland's recovery would take ten years or more to recover fully unless if there was a major oil find in our shores.
    Muppets the lot of them. A certain level of spending must be kept to keep the country running, roads in order, health, education and so on. But no, our Government will slash spending in these areas to meet budget targets requested by the EU / IMF, also add the sale of state assets into the mix. We'll all be suffering as a result.

    It would be better to see some proper reform in the above and a real political push for more jobs, this way we'll still have a decent country but thats far to much hard work for FG / Lab. Why bother when you can take the easy option, stay on the gravy train for 4 years then sale off into the sunset for rest of days and leave the mess for another party to clean up.

  3. #18
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    Quote Originally Posted by morticia View Post
    It was those rumours about the CBoI's basement full of Punt Nua I was mainly thinking of.....
    Rumours. A fine plan to inherit the wind alright..Id sooner return to France than rely on rumours. Not that its much easier here. Dad found work btw funnily enough, a fulltime job ten mins from home, which even pays slightly better than his last one. Only took 3 years mind. If that sort of joy could be possible for everyone, and not after such a long wait, it might be worth sacrifices. But sacrifices in my mind involve more latter 18th century methods. My thinking is, 1. Get out. or 2 Start a Revolution. The earlier one is easier in ireland anyways. If it's any encouragement, the local indignes in Dijon are just as small as the Dublin based ones.

  4. #19
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    Quote Originally Posted by Apjp View Post
    Rumours. A fine plan to inherit the wind alright..Id sooner return to France than rely on rumours. Not that its much easier here. Dad found work btw funnily enough, a fulltime job ten mins from home, which even pays slightly better than his last one. Only took 3 years mind. If that sort of joy could be possible for everyone, and not after such a long wait, it might be worth sacrifices. But sacrifices in my mind involve more latter 18th century methods. My thinking is, 1. Get out. or 2 Start a Revolution. The earlier one is easier in ireland anyways. If it's any encouragement, the local indignes in Dijon are just as small as the Dublin based ones.
    Thanks for keeping us posted.

  5. #20
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    The ERSI is very much like the so called "International Criminal Court." It is staffed by whores-to-order.

  6. #21
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    Quote Originally Posted by Fing Fers View Post
    But no, our Government will...
    Unless you are a landowner or a banker, they aren't your government.

  7. #22
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    It would be interesting if anyone could point to a forecast from the ESRI that ended up actually being accurate.

    They are probably the worst bunch at analysing anything and Garrett Fitzgerald's son is the worst of the lot. It is one of the state owned companies that I would happily support shutting down as it is nothing but a capitalist propaganda lobby group.

  8. #23
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    Quote Originally Posted by Jolly Red Giant View Post
    It would be interesting if anyone could point to a forecast from the ESRI that ended up actually being accurate.

    They are probably the worst bunch at analysing anything and Garrett Fitzgerald's son is the worst of the lot. It is one of the state owned companies that I would happily support shutting down as it is nothing but a capitalist propaganda lobby group.
    The E.S.R.I. is not state owned. It is heavily state funded but also took money from the "financial institutions" during the boom.

    They were reasonably reliable up to the early 2000s.

    On this occasion, their report, which said that all would be well "without an external shock", has remained relevant for a whole two days, with Stark leaving the ECB and a possible Greek default this weekend.

  9. #24
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    These fools are finding it more difficult, by the day, to justify their grossly inflated salaries.

  10. #25
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years


  11. #26
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    Ummmmm.....how is a €9.8bn austerity package supposed to plug an €18bn deficit?

  12. #27
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    Quote Originally Posted by Apjp View Post
    Dad found work btw funnily enough, a fulltime job ten mins from home, which even pays slightly better than his last one. ...

    If it's any encouragement, the local indignes in Dijon are just as small as the Dublin based ones.
    Well, congrats on the first one, that's a little ray of hope.

    To date, do the lads in Dijon actually have anything at all to complain about?? They're also unlikely to be whacked before the election, so I'm not surprised they're chilled....

  13. #28
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    ESRI feeling optimistic, until 2025

    The baseline projection, which extends to 2025, identified a number of key points:

    The sustainable long-term real growth rate of the Irish economy is approximately 3 per cent, driven mainly by growth in the traded sector.
    A key factor underpinning this growth is the continued expansion of the labour force, which is expected to increase by close to 2 per cent per annum. This growth is supported by the natural increase in the working age population together with increases in female participation and a return to net immigration.
    Strong labour demand is expected to reduce the unemployment rate to just over 6 per cent over the medium term.
    Inflation is expected to remain relatively low at under 2 per cent per annum.
    Results are produced for a number of possible Brexit scenarios, depending on whether the UK remains within the EEA or is subject to WTO rules.
    http://www.esri.ie/publications/irel...cy-challenges/
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  14. #29
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    Default Re: ESRI Report - Ireland Will Meet Budget Targets in Three Years

    Quote Originally Posted by DCon View Post
    ESRI feeling optimistic, until 2025



    http://www.esri.ie/publications/irel...cy-challenges/
    I was just reading that they were predicting a 1.25% drop in the Irish economy if there is EU corporation tax reform. Does that count as an external shock ?

    The only comfort is that, I suppose, a good bit of that would be the kind of money that never finds its way into irish pockets and cash registers ?

    http://www.newstalk.com/Irish-banks-...isis-says-ESRI
    Last edited by C. Flower; 06-12-2016 at 12:17 AM.
    “ We cannot withdraw our cards from the game. Were we as silent and mute as stones, our very passivity would be an act. ”
    — Jean-Paul Sartre

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