Seems that Irish people are being sensible and saving money for the depression that is coming our way. Savings have increased, on average, from 4% to 12% of income. It will really only start in Ireland when the banks increase their interest rates next month - and then, when Germany decides it must raise the ECB base rate to save the Euro. And thats not even taking the impending collapse of the Chinese property bubble into account.
But, in true Fianna Fáil style, Dermot Ahern has just been on RTÉ news telling of his plans to get Irish savers to blow all their money. He recons that that will make everything better.
What do you all think? Is Dermot right. Should we go out and blow that 12%