Daft Property - Irish Property News

Irish among most pessimistic in EU about economy - survey... IRISH PEOPLE are among the most pessimistic in Europe about the economic and employment situation in their country and most people expect the situation to be worse in 12 months’ time, new EU research suggests. Although the research also suggests that the Irish are among the most satisfied Europeans with the area they live in, contentment with the public administration is very low and the cost of living is a major source of unhappiness. In a report drawn up amid signs that the world’s worst recession since the 1930s may be bottoming out, the European Commission warns that the social consequences of the downturn may take months or even years to manifest themselves fully. Irish attitudes to the situation were gauged in a survey of 1,007 people in May and June last year, following months of bad economic news. Some 90 per cent of Irish respondents described the situation as bad, one of seven countries in which nine out of 10 peopl...