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Very good, in the Irish case, at the time, if you use GDP.

Ok, in the Irish case, at the time, if you use GNP.

Currently? Who knows? Wage and compensation cuts are helping GNP spiral downwards (though it seems to be bottoming out for the moment) so it probably doesn't look so good right now. On the other hand, the economic studies don't mention wages as being a problem for competitiveness until the executive summaries, as far as I can make out.

by Colman (colman at eurotrib.com) on Thu May 6th, 2010 at 11:19:51 AM EST
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