Sir, - The warnings and advice to the Government from Mr Wim Duisenberg of the European Central Bank (The Irish Times, September 7th) took some neck in view of the poor performance of the euro and its effect on our economy. In understand that the bulk of our imports come from outside the euro zone - particularly oil, which affects almost every commodity in an Irish household, thus fuelling wage demands.
It is a pity he did not refer to the cost of housing, which is nothing short of criminal extortion. This one issue negates all the benefits of the so-called Tiger and has seriously damaged the quality of life for almost all our young people, except for the very few well off. - Yours, etc.,
Michael M. O'mara, Ballygeale, Patrickswell, Co Limerick.