Thanks. Bit annoying - interesting to see labour costs, unemployment, etc and sectoral effects -

Below a link to a substantive Marxist oriented analysis on the capital-labour relation within Europe - the race to the bottom etc to satisfy financial markets - imho race to bottom, either in Ireland or within Europe, is simply handing the future to China, India and others on a plate. We must go ‘race to the top’ (beyond the guff on the smart economy that relevant ministers patently do not understand)- the link here is relevant to the discussion below -

http://researchonmoneyandfinance.org/media/reports/eurocrisis/fullreport.pdf

As I noted many years ago (and I haven’t changed me mind since) - Radical theories are rarely applied, and radical theorists rarely employed, in Ireland. Without radical/heterodox input, especially in crisis situations, then decision-making becomes one-sided - and there is more than sufficient evidence on this around here at the mo.

At least we are now seeing that the effects of a europe-wide internal devaluation strategy will be self defeating and may lead to a single currency break-up.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7467198/Angela-Merkel-defies-IMF-and-France-as-anger-rises-over-export-surplus.html

Time to re-think unless we get well ahead of the posse me thinks. The politics are finally following the economics of all this.

What’s the problem with Irish data here?