Advertisement

Should we have fewer Bank Holidays?

No matter what form it takes, Brexit will undoubtedly influence the European Economy. On today’s...

Share this article

15.03 1 Apr 2019


Should we have fewer Bank Holidays?


Listen to this episode


Share this article

15.03 1 Apr 2019


No matter what form it takes, Brexit will undoubtedly influence the European Economy.

On today’s show, Sean Moncrieff spoke with Helga Schnellhardt, who is a Member of the European Parliament for Saxony-Anhalt for Christlich Demokratische Union Deutschlands.

She is part of a think tank, who have just come back from the Global forum of productiveness,  openness, global value chains, and productivity-enhancing policies.

One of the “blue sky thoughts” the group had was to reduce the number of Bank Holidays in European member states, in a bid to increase productivity and save money.

Research suggests that each Bank Holiday taken, costs 0.16% to the GDP of a country, and taking three less each year would mean a saving of millions, if not billions of euro.

Helga Schnellhardt suggested that one of the national days off that Ireland could remove could be St. Patrick’s Day.  Not to take away from the nation’s celebrations, she said that workers could enjoy a parade at their lunch break and then go back to work.


Read more about

Bank Holidays Irish Bank Holidays

Related Episodes

U2 celebrates their 50th anniv...

00:15:09

U2 celebrates their 50th anniversary

The Pat Kenny Show

00:15:09


Catalpa: The Epic Story of the...

00:13:48

Catalpa: The Epic Story of the Greatest Prison Rescue in Irish History

The Pat Kenny Show

00:13:48


Updates on the Ireland and Isr...

00:15:17

Updates on the Ireland and Israel match

The Pat Kenny Show

00:15:17


Are our AI fears justified?

00:10:27

Are our AI fears justified?

The Pat Kenny Show

00:10:27