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Old 20th Dec 2009, 14:55
  #278 (permalink)  
Shamrogue
 
Join Date: May 1999
Location: Ireland
Age: 50
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Bubble Bursting

Once Christmas is over, I would suspect further job losses will be announced in both retail and construction - or perhaps not announced - just merely happen.
You only have to walk around a number of Irish cites to see how quiet life is.

FDI will rise to the top of the tree in the eyes of the politician and low and behold pressure will come on the IDA to move projects along and get jobs back in.

Of course costs will have to drop first, and labour prices likewise.

But without turning it all into an economics lecture. The EY link just re-affirms the link to the Far East and natives from over there working in Ireland and also takes on the market which BA/QF/SQ traditionally owned between Ireland and OZ. Effectively EY becomes a Desert Kangaroo for Paddies.
Additional airline routes next year will be thin on the ground - summer charters to the Greek Islands will be as exciting as it gets.

Cheerio

Shamrogue
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