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EUROZONE INFLATION HAS hit a three-year low raising expectations that the European Central Bank may cut its main interest rate when it meets later this week
Inflation dropped to 1.2 per cent in April, the lowest level since February 2010, and down from 1.7 per cent in March keeping it well below the ECB’s target of near or below 2 per cent.
With the cost of living having steadily declined over the past year the fall in inflation and the rise in unemployment in the eurozone will put pressure on the ECB governing council to aid some mortgage holders and cut interest rates when it meets on Thursday.
A cut to the record low interest rate of 0.75 per cent is widely expected with many economists predicting that the rate will fall by 25 basis points, according to Reuters.
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Boo hoo hoo hoo hoo hoo f****** hoo, so now there average 70,000 per annum wage might be under threat.. Welcome to the real Irish world.
The ESB will stay under state control. This union move is just to get another 10k a year for employees…
Are the ESB workers afraid of efficient working practices? Or of ESB being a competitive company?
Who’d willingly jump off the gravy train
We all know the ESB lads have it handy , new owner means they might have to go and do a bit of work for a change ……. “start the strikes early and get all we can out of the government before they sell ” …………………… all state and semi state bodies are being breastfed by the government —- time for a change in our staple services .
hahaha ESB workers…bye bye to your 4 foreign holidays a year and 70/80.000 salary!!
Well done Gavin Sheridan of TheStory.ie. NAMA will have to crawl further under the rock of secrecy.
Norris has some determination!
Others might call it neck.
Privatisation does not equate with efficiency. It equates with theft, low wages and shit working conditions. Private sector efficiency is bullshit. If there is efficiency it is efficient direction of capital and money to a small cabal of greedy bastards. This is achieved by job losses and effective dismantling of customer service. Wake up you neoliberal automatons they will soon be fucking with your futures too.
I wouldn’t call it neo-liberal to suggest that public-sector spending should have efficient direction of capital. Especially if that capital is paid through our taxes.
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