Credit Union CEO Warns Excessive Wage Demands Will Compound Inflation

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The CEO of Ennis’ Credit Union is warning that excessive wage demands will lead to greater inflation.

It comes as a new report has warned that spiraling energy prices, a misfiring housing market and the costs of goods and services is threatening to derail the Irish economy.

The independent economic and social think tank TASC is calling for a moderate wage increase and a targeted expansion of welfare payments for the less well-off.



But Louis Fay of St Francis Credit Union says that could make matters worse, saying the right balance needs to be struck.

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