Micheal Martin discusses cost of living crisis

The video discusses the support from Michael since 2008 and the Irish government's measures to address cost of living issues, exacerbated by COVID-19 and the war in Ukraine. It highlights the humanitarian crisis and the government's response, emphasizing the need for economic strategies to avoid inflation. The roles of the European and Irish governments in economic responses are explored, along with the importance of energy efficiency initiatives.

What measures has the Irish government taken to address the cost of living issues?

• Reducing healthcare services

• Cutting electricity bills and targeting fuel allowances

• Raising public transport fees

• Increased taxes

What has exacerbated the cost of living crisis in Ireland?

• A decrease in population

• A surplus in food production

• The end of the COVID-19 pandemic

• The ongoing war and rising energy prices

How has the war in Ukraine affected Ireland?

• It has reduced energy prices

• It has led to a decrease in tourism

• It has caused a humanitarian crisis with an influx of refugees

• It has improved trade relations

What role does the European Central Bank play in addressing inflation?

• It implements macro-level measures across Europe

• It provides local government loans

• It sets national tax rates

• It controls the supply of food

Why is energy efficiency important according to the transcript?

• It increases the cost of living

• It reduces costs for people by improving home efficiency

• It is only beneficial during a crisis

• It has no impact on the economy