Bertie Boomer
[Central Bank Governer John Hurley] also said the level of household debt was now very high by international standards, while inflationary pressures were further eroding competitiveness. He added that Ireland was more dependent on oil than most developed countries, and therefore more at risk from volatility in prices.
The chief executive of small business group ISME, Mark Fielding, said Irish inflation running at 1.4 points over the European average of 2.5% is creating serious difficulties for the business sector, which is being priced out of major international markets.
Taoiseach Bertie Ahern said yesterday higher inflation was a sign of a strengthening economy: “In actual fact the reason it’s on the rise is because probably the boom times are getting even more boomer.”
Mark Waters marked time at 1:35 pm on July 14th, 2006 .
sounds like bertie has been learning from Bush. Next he’ll be saying that unemployment is on the rise because people no longer need or want to work.
Ireland is in fact too dependent on oil prices as it can produce none of it.
And so I’ll ride my bike to work tomorrow.