Search Results for 'Macroeconomics'

Fine Gael Mayo TD John O’Mahony has stated that a Yes vote in the upcoming Fiscal Compact Treaty referendum will help protect jobs we have and create jobs we need.

A No vote to the Fiscal Compact Treaty would lead to greater austerity in Ireland and see the interest rate the State pays on its borrowings increase.

Like the man-flu that exists in the minds of men only (or does it?), it is perhaps possible to live in denial of the economic hell breaking around on all sides of us now, simply by switching off the radio and refusing to tune into news of any kind. Unfortunately, such an approach is not only unrealistic, it is flawed. Whether we like it or not, nothing can be resolved until tackled head on. While confrontation is something most of us avoid, in cases of crisis such as now, it is unavoidable. We must face facts. The so-called Irish recession is not in the past tense. We are heading not only towards a new recession, but a likely depression.

Retail Ireland, the group that represents the Irish retail sector, this week published the results of a survey of member companies and called for measures to improve consumer confidence and domestic demand in the forthcoming Budget.

Labour councillor Harry Barrett has welcomed the restoration of the minimum wage from €7.65 to €8.65.

The hotel industry offers huge potential for creating employment if it is allowed a sustainable cost structure, according to the chairman of the Galway branch of the Irish Hotels Federation. Paul Gill has called on local TDs to support the abolition of the Joint Labour Committee system, stating that their additional layer is incompatible with jobs growth when allied to our minimum wage, currently the third highest in Europe.

The President of the American Chamber of Commerce in Ireland, Gerard Kilcommins has called on Ireland to “build on its achievements of the past” and continue strong support for foreign direct investment (FDI) in the west and nationwide, at an event to mark the organisation’s 50th Anniversary which took place in Galway last week.

The Irish restaurant industry contributes €2 billion to the Irish economy each year, yet the industry is struggling due to Sunday premium rates they are forced to pay workers.

The new national minimum wage rate will come into effect on February 1 following the signing of the order on Wednesday by the Minister for Enterprise, Trade and Innovation, Batt O’Keeffe.

Labour General Election candidate for Mayo Dr Jerry Cowley has said that the Government decision to reduce the minimum wage could have serious implications for small and medium businesses all over the country.