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Austerity

In its draft 7th review of Ireland the European Commission is ignoring the key issue that jobs are not being created on the scale required and that the bailout process is failing to address both the employment and unemployment problems. 

The European Commission Summer 2012 review of the Economic Adjustment Programme in Ireland

A new report by Eurofound shows how Ireland has one of the highest rates of NEETS in Europe at 22%. Greece has the highest at 35.9%, Bulgaria 24.6% AND Spain has 21.1%.  NEETS are young people aged 15 – 29 who are not in education, employment or training. 

A report by Eurofound examining' NEETS' in Europe.  NEETS are young people aged 15 – 29 who are not in education, employment or training.

Health spending in Europe in 2010 fell for the first time in decades. This is one of the many findings in the "Health at a Glance: Europe 2012", a new joint report by the OECD and the European Commission. From an annual average growth rate of 4.6% between 2000 and 2009, health spending per person fell to -0.6% in 2010. This is the first time that health spending has fallen in Europe since 1975. In Ireland, health spending fell 7.9% in 2010, compared with an average annual growth rate of 6.5% between 2000 and 2009. 

The Quarterly National Household Survey conducted by the CSO, published February 14, 2012 shows that 30% of households headed by a person who is unemployed had borrowed money from family or friends to pay for basic goods and services. In addition, half of such households had missed paying household bills and more than one quarter had missed loan repayments.

Proposals seek to address a major issue but insist the cause of the current crisis must be allowed to continue

The proposals from the Irish Fiscal Advisory Council to Government are simply not credible. In reality they would make a bad situation worse.

The recent spring European Council (i.e. heads of Government in the EU) gave the final go-ahead for a comprehensive package of measures to preserve the financial stability of the eurozone and to strengthen economic governance. Both of these initiatives have implications for Ireland and raise serious questions concerning the real commitments of the European Council and the EU generally to proceed in a balanced and inclusive manner.

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