Monthly Archives: March 2012

Lá Féile Pádraig Shóna Duit / Happy Saint Patrick’s Day…


Warning: Totally Politically Correct: The Onion A.V. Club – “The old sow that eats her farrow”: 22 sobering depictions of Irish life [yayy!] Alan Partridge on the Irish: The Muppets – “Ohhh Dahnnny Boyyyy… der peeps, der peeps err cawling…”: … Continue reading

Posted in Humour, ireland | Tagged , , | Leave a comment

Joke of the Day


An engineer, a biologist and an economist are washed ashore on a desert island. After a few days without food they are starving. Eventually, they stumble on a can of beans on the beach. They spend a few minutes considering … Continue reading

Posted in Economy, Humour | Tagged | Leave a comment

Lombard Street: “structure of the euro worsened divergences naturally arising from the differences between countries”


The structure of the euro worsened divergences naturally arising from the differences between the countries. The Dutch and Germans felt poorer than they actually were, the Spanish richer – and the low interest rates that were perceived as a benefit … Continue reading

Posted in Commodities & Cost of Living, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Housing Bubble, ireland, Leo Varadkar versus the World, Spain | Tagged , , , , , , | Leave a comment

Peter Mathews TD (FG) – “It’s now time for the ECB to establish fairness within the eurozone”


The last government agreed that the State should pay €31bn to IBRC (formerly Anglo and Irish Nationwide) over a 13-year schedule ending in 2025. The first payment of €3.1bn was made in March 2011. The next payment is due on … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, EU, ireland, Leo Varadkar versus the World, Promissory Notes, Solutions | Tagged , , , , , | Leave a comment

Automatic Austerity: 10 things you need to know about ’the Fiscal Compact’ (Corporate Europe Observatory)


On the 1st of March 2012, 25 EU heads of state or government will sign a new treaty[1], and if all goes as planned, it will enter into force early next year. The so called ‘Fiscal Compact’ was conceived in … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Fiscal Compact Treaty, Germany, ireland, Referendum | Tagged , , , , , , , , , , , , | Leave a comment

[Update] Guest Post with commentary: JP McKenna – Irish Bank Resolution Corporation: Debt Explained Exceptional Liquidity Assistance, Anglo Promissory Notes etc.


Note: Mr McKenna asked for this to be retweeted, so we are taking this as license to post it here. Additional comments by us are in [square brackets and italics]; we have also underlined what we regard as important points. … Continue reading

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