Madam, – Various Government Ministers have been boasting how they have taken €14 billion out of the economy in the past two years and how they have stabilised the growth rate from the tailspin we were in last year. It is agreed that the fall we have had since 2008 is the greatest suffered by any developed nation in peacetime. Now the Government is boasting that this has been stabilised.
My analogy would be to compare the economy to a man falling off a cliff. When he falls, he falls very fast. When he hits the ground, he stops falling and his fall stabilises, but does that mean he is all right? – Yours, etc,