No It didn't. This is NOT true and you're intelligent enough to realise that this is NOT True. Sadly, you're either deluded enough or are a spin merchant for
FF to state this idiocy.
To whom did the banks give ridiculous amounts of unsecured, dangerous, loans? Public or Private Sector people?
To whom did the Government give Tax breaks to facilitate this greed? Public or Private Sector people?
To whom did the Government allow "light touch" (read NO touch) regulation during the boom times? Public or Private Sector people?
Your spin is not fooling me. It fooled many for a long time. Public Servants didn't cause this mess. Banks and Developers aided by wanna be Private Sector Government interests caused this mess. Most economic commentators of note who hasn't been paid(tainted) by an indigenous Irish bank to state the opposite, has said that our economy was destroyed NOT by public sector costs, but by the housing bubble and dangerous (corrupt???) banking loan policies.
Shame on you.
Without giving you a history lesson, Benchmarking awards were made to Public Servants to CATCH UP on private sector pay during the 1990s.
If your assertion is true then how many Public Servants live in houses worth more than 1 million euro. How many private sector people do?