Army Thread 11th May
Ireland has the third highest rate of unemployment in the OECD, according to new data published today.
Spain currently has the highest unemployment rate in the 34-country body at 19.1 per cent, followed by Slovakia at 14.1 per cent, Ireland at 13.2 per cent
That is only unemployment. More worryingly there was a program on last night that compared the downturn in Irelands fortunes in the last 4 years as the equivalent of having suffering a war in economic terms. Depending on which report we read negative equity is over 50% here now are will take decades for prices to recover. All this means that the economy will stagnate because people cant spend what they dont have.
Token burp btw grub now gone.
Ireland has the third highest rate of unemployment in the OECD, according to new data published today.
Spain currently has the highest unemployment rate in the 34-country body at 19.1 per cent, followed by Slovakia at 14.1 per cent, Ireland at 13.2 per cent
That is only unemployment. More worryingly there was a program on last night that compared the downturn in Irelands fortunes in the last 4 years as the equivalent of having suffering a war in economic terms. Depending on which report we read negative equity is over 50% here now are will take decades for prices to recover. All this means that the economy will stagnate because people cant spend what they dont have.
Token burp btw grub now gone.
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