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Fri 08 Aug 2009Government spending cuts need not be deflationary
ECONOMICS:Adjustments that boost competitiveness by reducing pay can have overall expansionary effects
ICTU GENERAL-SECRETARY David Begg’s op-ed article in this newspaper on Wednesday of last week (“Deflationary policies have little chance of succeeding”) generated quite some debate with both the The Irish Times website and irisheconomy.ie registering a large volume of comments.
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