So: funding is an important and pressing issue, but one that will only be solved after both the foundations of a stronger banking system and sovereign market access have been re-established.) Ireland has demonstrated strong progress with the challenge of balance sheet restructuring. The first phase of this exercise, as is well known, involved the implementation of NAMA.
•  The manager has very little authority or ability to reward his staff according to their performance. •  Wage negotiations sometimes take place according to a party’s ability to exert pressure, and do not necessarily reflect labor-market conditions. •  The public sector is beset by many labor disputes, and hence many strikes.