Storm clouds gathering
Warnings being disregarded
A debate on the alternatives to a possibly reduced FDI sector
Politicians have both a political and economic incentive to tell you that everything is fine, until it isn’t. It’s not lying, necessarily – but it might just be unwarranted optimism.
In terms of purchasing power, each Irish resident theoretically had a €91,346 slice of GDP. However, once the Silicon Valley boys and the rest had pressed the transfer button, this was magically reduced to a €64,596 GNP slice.
Bad news for PM
Finnish unions threaten to strike in February over government cuts to social benefits. They forget the massive, destructive government growth that took place 15 years ago.
In the cacophony of EU criticism, it is easy to forget that Hungary is one of Europe’s most enduring economic success stories. The unfolding recession has not changed that.
GDP vs Income