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Interesting to hear Beverley Flynn speaking on the economy in the Dail earlier. In her statement, she wondered why bank ceo's are paid more than the Taoiseach, which on it's own, is a good question.
Her statement though, may have more credibility if the Taoiseach didn't have to beg her to give up her Independent TD allowance a few weeks ago. :rolleyes:
not really that interesting at all.. banks make money therefore people who run them get renumerated proportionately. the anti banks stuff is becoming boring at this stage..
Absolutely correct.Quote:
Originally Posted by Billsthoughts
Not only is the banking stuff getting boring, it's irrelevant in the context of the country's economic future. The only decision left is whether to let any banks fail and whether the state goes down the bad bank or the credit insurance route. Whilst the judicial process needs to be followed through on those that broke the law, the Government need to start focusing on convincing the rest of the world that this country has a viable economic future. From what I can see, if we don't get a grip soon, we could be the first nation to regress from economically developed back to developed (I.e. 1st to 2nd world).
I am sure he is a capable person but the appointment of BOI CEO internally does not make Irish banking look any better than it did yesterday. That combined with woeful regulation surely means International investors won't touch us now...
Pete, that's an easy thing to say, but who internationally, who isn't already tainted, would want the job given the clampdown on pay and uncertain future?! Externals were interviewed according to media reports.Quote:
Originally Posted by pete
Again, this has absolutely nothing to do with investors not touching us. Investors won't touch us because they don't believe the Government guarantee will be honoured, as a result of our fiscal situation.
On a slight side note, is it me or is traffic in the morning a lot lighter than it used to be? I usually get the train into work, but every now and again I drive as I need the car in the evening. It often takes me 40 minutes + to drive in, stop starting most of the way, but it was only 20 minutes today, doing the speed limit most of the time. Not the first time I've seen this in the last month or so. Schools are back, builders' holidays aren't till next month - have things gotten so bad that you can see it on the roads?
Edit - probably more suited to the "Recession/depression" thread, but it's all linked in. Mods feel free to move as appropriate.
Traffic was brutal for me this morning, and yesterday evening..
I think it easy as can't remember any real heavy days in the last 6 months.Quote:
Originally Posted by pineapple stu
Out of the guys at work leaves 4-4.30pm & heads north through Dorset street & he said traffic had definitely gottne much lighter. Less people employed, maybe more people taking the train/bus & less people shopping in the city duting the week..?
I've found traffic a lot lighter this year. I can afford to get the bus 20 minutes later than I would have needed to get in on time years previously.
ECB Rate cut to 1.5%, UK rate going to only 0.5%.
Was glancing though the property page at lunch & if adverts are to be believe some huge cuts in the price of new apartments. Any one in a secure job looking to buy would do well although obviously prices could continue to fall.