Cowen ‘too pessimistic’ on prospects

THE opposition has accused Taoiseach Brian Cowen of being “too pessimistic” about the country’s future prospects.

In a briefing with political correspondents on Sunday, Mr Cowen indicated that living standards would drop by 10% over the next two years.

This followed a similar warning in a speech made to the Dublin Chamber of Commerce earlier this year, in which he suggested the next generation would not have it as good as the present one.