Category Archives: Economy

Pay no attention to that crisis behind the Euro


Private Eye, no. 1315, p.12 – ‘The Agri Brigade’ – of interest to the Irish state’s farmers; think the Euro is so great for your business?: … farmers within the eurozone represent UK farmers’ most important competitors… It is a … Continue reading

Posted in Agriculture, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money | Leave a comment

What would happen if Ireland left the Euro?


Emmett O’Connell – The Consequences of Monetary Union (1972); The Economist – Coming In From The Cold, Lessons from Iceland: … the extra cost to a country of not standing by its banks can be surprisingly small… the benefits to … Continue reading

Posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, iceland, Independence/Nationalism, ireland, Solutions | Tagged , , , , , , , | Leave a comment

FINAL UPDATE: Citizen’s Campaign South East – Fiscal/Austerity Treaty Referendum: Public Meetings (Counties Carlow, Kilkenny, Waterford, Wexford)


Update/change: Last public referendum meeting – Wexford Town (Tues 8pm St Josephs) FINAL UPDATE: TUESDAY 29th May           Wexford town Wexford Sinn Féin @St Joseph’s Community Centre, Bishopswater, Wexford Town John Corcoran (Irish Commerical Tenants’ Association) Oisin Ó Conail (Co. Wexford … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Fiscal Compact Treaty, ireland, Permanent Austerity Treaty, Referendum, Save Our Services | Tagged , , , | Leave a comment

A Conservative Alternative to Austerity Economics


… the basic idea could hardly be simpler. The growth figures that dominate the headlines are of “real” gross domestic product, which means they are corrected for inflation. With nominal GDP they are uncorrected. The idea of targeting nominal GDP … Continue reading

Posted in Austerity / Cutbacks, Budget, Commodities & Cost of Living, Economy, EU, Fiscal Compact Treaty, Germany, Solutions | Tagged , , | Leave a comment

“A Federation for the Eurozone and a Confederation for the rest of the EU”


(Note: The following replaces & corrects earlier version of 7/May) TWO TREATIES FOR THE EUROZONE AND AN AMENDMENT TO  ONE OF THE EU TREATIES  – ALL RELATED TO EACH  OTHER! Reply to Dr Gavin Barrett, Senior Lecturer in European Law, … Continue reading

Posted in Accountability, Austerity / Cutbacks, Bankers' Bailout, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Fiscal Compact Treaty, France, Germany, ireland, Promissory Notes, Referendum | Tagged , , , | Leave a comment

Euro-spawned divergent growth and inflation caused external payments imbalances


Euro-spawned divergent growth and inflation caused external payments imbalances. Government profligacy did not divide ‘saints’ from ‘sinners’. In the good years Germany was a near-sinner. Its budget deficit exceeded the Eurozone average and was a whisker below the 3% Maastricht … Continue reading

Posted in Accountability, Austerity / Cutbacks, Bankers' Bailout, Budget, Commodities & Cost of Living, Economy, EU, Euro / Sovereign Money, Fiscal Compact Treaty, Germany, ireland, Referendum | Tagged , , , | Leave a comment

People’s Movement Referendum Campaign


Warning: Permanent Austerity Ahead! The People’s Movement has opened an office in central Dublin for the duration of the referendum campaign on the Permanent Austerity Treaty. The office is at 5 Cavendish Row, directly opposite the Gate Theatre. We are … Continue reading

Posted in Action Stations, Austerity / Cutbacks, Budget, Economy, ESM / European Stability Mechanism, EU, Fiscal Compact Treaty, ireland, Permanent Austerity Treaty, Referendum | Tagged , , | Leave a comment

Gilmore: Ireland could apply to IMF if we reject the treaty


Via Politics.ie: Gilmore: Ireland could apply to IMF for money even if treaty rejected | BreakingNews.ie Tánaiste: Ireland could apply for second bailout with No vote – Newstalk.ie

Posted in Accountability, Economy, EU, Fiscal Compact Treaty, IMF, ireland, Permanent Austerity Treaty, Referendum | Tagged , , | Leave a comment

Ghostbusters quote, with special guest, Karl Whelan


Those “out-of-context” quotes… … & supposed Sinn Féin leaflet controversy, in a nutshell. Courtesy of the original Ghostbusters, and Professor Karl Whelan(*): Dr. Karl Whelan: Everybody can relax, I found the car. Needs some suspension work and shocks. Brakes, brake … Continue reading

Posted in Accountability, Budget, Economy, Fiscal Compact Treaty, ireland, Permanent Austerity Treaty, Quotable Quotes, Referendum | 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

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: The “Fiscal Compact” Treaty & Irish Referendum: Pay No Attention to that Article 136 Behind the Curtain!


Treaty text is here. Initial and subsequent drafts here and here and here. BBC Q&A here. Peoples’ Movement – Commentary on the EU Permanent Austerity Treaty (Fiscal Compact Treaty); NationalPlatform.org – We need to postpone ratifying the ESM Treaty until … Continue reading

Posted in Austerity / Cutbacks, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Fiscal Compact Treaty, Independence/Nationalism, ireland, Referendum | Tagged , , , | Leave a comment

#OccupyDameStreet public statement: the lock-down of the department of Finance


Media Advisory Updated- 25TH of January, 2011 – 06:30 GMT We are Occupy Dame Street, part of the Occupy Ireland and global Occupy movement. This morning at 6.30 am the beginnings of a social time bomb exploded in Dublin city … Continue reading

Posted in Accountability, Action Stations, Austerity / Cutbacks, Bankers' Bailout, Civil Disobedience, ECB/IMF, Economy, EU, Ideology, ireland | Tagged , , , | Leave a comment

“Everyone qualified to explain what happened complicit in pushing this… would give the rope to hang commentariat”


From Phillip Pilkington, writing at NakedCapitalism: “almost every single person in Ireland today qualified to explain what happened was complicit in pushing this economic ideology. And so to explain to the Irish people what actually happened would be to give … Continue reading

Posted in Accountability, Austerity / Cutbacks, Bankers' Bailout, Budget, Commodities & Cost of Living, ECB/IMF, Economy, EU, Housing Bubble, Ideology, ireland | Tagged , , , , , , , , , | Leave a comment

Update: Vincent Browne vs. “The Condescending Euro Prick”


Via: Mish – Irish Journalist Hounds ECB Official Regarding Irish Taxpayer Bailout of French and German Banks; Cory Doctorow / Boing Boing – Irish journalist humiliates EuroBank technocrat who won’t stop ducking hard questions; Max Keiser – Vincent Browne v … Continue reading

Posted in Accountability, Audio/Video, Austerity / Cutbacks, Bankers' Bailout, Budget, ECB/IMF, Economy, EU, Geopolitics | Tagged , , , | Leave a comment

Letter from America: More Useful Idiocy from the 53 Percenters (Kevin Carson)


There’s some good in the Tea Party, but as far as I can see no good in the 53% movement at all. The Tea Partiers — some of them, some of the time — talk as if the Wall Street … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, Civil Disobedience, Economy, Social Welfare, USA / America | Tagged , | Leave a comment

[UPDATE – Papandreou fires military chiefs] You read it here first: A Greek Coup? Part 3 of a continuing series…


2/November, 2011. EUobserver.com – As government verges on collapse, Papandreou fires military chiefs: …in a development that has stoked fears of a potential military coup in the country, Papandreou on Tuesday also fired the entire high command of the armed … Continue reading

Posted in Civil Disobedience, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Greece, Human Rights, Intelligence / Securocrats, War & Peace | Tagged , , | Leave a comment

David Malone author: The Debt Generation – Friday October 21@6pm, Harry Clarke room NCAD, 100 Thomas St, Dublin 8


Great thanks to Seanán Kerr who is busy arranging a talk, Q&A and perhaps a panel discussion on – SLIGHT CHANGE BUT NOW CONFIRMED Friday, October 21st between 6 and 8pm, in the Harry Clarke room in NCAD, 100 Thomas Street … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, Conference / Talk, Economy, EU, ireland, Solutions | Tagged , | Leave a comment

Connect the dots? Greek government buys 400 tanks . . . (dot, dot, dot)


June 25, 2011: Greek Coup to force exit from Euro?  – John Mauldin, “Outside the Box” Newsletter: To go back to the drachma would require a bank holiday for a week, and it would have to be a surprise move. … Continue reading

Posted in Civil Disobedience, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Human Rights, USA / America | Tagged , , , , , , , | 1 Comment

[correction]”The Debt Generation’s” David Malone: Talk, Q&A – Saturday 22nd/Oct. (evening) in Dublin


From his Golem XIV blog: Great thanks to Seanán Kerr who is busy arranging a talk, Q&A and perhaps a panel discussion on Saturday 22nd (evening) in Dublin. I will give you more details as they are confirmed. But for now … Continue reading

Posted in Accountability, Audio/Video, Bankers' Bailout, Economy, eurozone, Ideology, ireland, Solutions, UK / Britain, USA / America | Tagged , | Leave a comment

Conor McCabe – Raymond Crotty Memorial Lecture 2011: Rancher & Banking Interests in the Irish Economy. Pearse Centre, Dublin @ 2:30pm, Saturday 15 October.


Raymond Crotty Memorial Lecture 2011 – Conor McCabe: Rancher & Banking Interests in the Irish Economy Dr. Conor McCabe will deliver the Raymond Crotty Memorial Lecture for 2011 in the Pearse Centre (27 Pearse Street), Dublin, at 2:30 p.m. on … Continue reading

Posted in Bankers' Bailout, ECB/IMF, Economy, Elections, Emigration, EU, Euro / Sovereign Money, Geopolitics, History, Housing Bubble, Independence/Nationalism, ireland | Tagged , , , , | Leave a comment

Important Conference – The EU in crisis: Prospects for regaining Ireland’s sovereignty. 7-8 October 2011


The EU in crisis Prospects for regaining Ireland’s sovereignty. Friday-Saturday 7-8 October 2011 The Ireland Institute 27 Pearse Street Dublin 2 Friday 7 October 7.30pm Was ‘Social Europe’ a con? Speakers: David Begg, General Secretary, ICTU Alex Gordon, General President … Continue reading

Posted in Action Stations, Austerity / Cutbacks, Budget, ECB/IMF, Economy, Euro / Sovereign Money, Geopolitics, History, Independence/Nationalism, ireland, Sovereignty | Tagged , , | Leave a comment

European, Institutional Bank Run in progress?


ZeroHedge – PIMCO Warns Global Central Banks Are Now Openly Defecting From The Status Quo’s Prisoner’s Dilemma; Bloomberg – Lloyd’s of London Pulls Deposits From Banks on Debt Crisis: Lloyd’s of London, concerned European governments may be unable to support … Continue reading

Posted in Bank Run, ECB/IMF, Economy, EU, eurozone, France | Tagged , , | Leave a comment

Greece is the word…


News from the past seven days… MarketWatch – Greece should default, exit euro, Roubini says; ZeroHedge – Germany Demands “Managed” Greek Default And 50% Bond Haircuts In Exchange For Expanding EFSF, Peripheral “Firewall”; Spiegel – ‘We Won’t Pay’ Greece’s Middle … Continue reading

Posted in Austerity / Cutbacks, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Health | Tagged , , | Leave a comment