Politics » Ministers bark but ECB leash still holds
Interesting piece in the IT. McGee says via anonymous sources that there is concern at the government's lessening desire for reform. It seems the Troika feel we won't make the 3% deficit target. The piece reiterates that the government is making a big deal about debt relief when it is the deficit that should be worked on.............
and with Croke Park II on the go the piece says.............Analysis based on the latest staff reports from the Commission and the IMF, as well as from well-placed sources, shows there is real concern that radical Government reforms have slowed down and may even hit the buffers.
and significantlyThen there is the recurrent theme that the public sector pay bill has not been tackled sufficiently; that not enough has been done to tackle the growing problem of long-term unemployed people; and measures to address over-runs, especially in health, have been inadequate.
We all know the party is over but for some in the public sector the party goes. It is high time this optical illusion called Croke Park is scrapped and the public sector pay bill is reduced and fast. Likewise with the welfare. Upward only rents, rates, red tape should tackled immediately. For all the guff about this deal it seems the Troika are not impressed and are concerned about the way we are headed.Troika staff have focused to an inordinate extent on the public sector pay bill in recent months. The core argument is that cutting numbers isn’t enough.
The Commission noted that Irish medical consultants were the highest paid in the EU for their public work, being paid twice the rate in the UK. The IMF noted: “Public pay is elevated in Ireland especially for teachers and medical professionals.”
It has honed in on medical consultants in particular. One example is of the consultant who described a proposed public salary (€205,000) as ‘Mickey Mouse money’ [six years ago].
“Some of these guys don’t realise the party is over,” said the source.