Category Archives: Solutions

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

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

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

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

[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

All I know is that there were rumours… Irish / German central bank printing backup punts / deutschemarks?


The Guardian / Alan McQuaid, chief economist at Bloxham stockbrokers in Dublin – What if Ireland pulls out of the euro and prints punts? Rumours abound in Dublin that the Irish central bank is back printing punts just in case … Continue reading

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Yanis Varoufakis in Ireland: Understanding the Euro Crisis


I am in Dublin on a series of talks, interviews and discussions through which I hope (a) to spread the word for the Modest Proposal and (b) to learn from this amazing small country’s experiences. Today’s (personal) highlight was meeting … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Eurobonds, Geopolitics, Greece, ireland, Solutions | Tagged , , | Leave a comment

Desmond Greaves Summer School: “Economist sees Irish echoes of US crisis” – Irish Times


From The Irish Times – Economist sees Irish echoes of US crisis: “The closest decade to this one as far as real growth in gross domestic product was the 1930s. There was 1.3 per cent growth per year then, and … Continue reading

Posted in Action Stations, Austerity / Cutbacks, Bankers' Bailout, Breaking News, Budget, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, History, Housing Bubble, Ideology, Independence/Nationalism, ireland, Solutions, Taxation | Tagged , , , , , , , , | Leave a comment

Auf Wiedersehen… Yet? Is Germany Preparing to Exit the Euro?


New Economic Perspectives / Marshall Auerback – A Tale of Three Germanys: Is Germany Preparing to Exit the Euro?: The Germans were willing to go into a currency union because by construction that agreement removed the weapon exchange rate depreciation … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, France, Geopolitics, Germany, Greece, Independence/Nationalism, ireland, Solutions | Tagged , , , | Leave a comment

Warren Buffet, French Billionaires, & Sinn Féin all agree… wait… what?


Yahoo! Finance: Daily Ticker – Buffett Blasts Low Taxes On Billionaires, Says Congress Must Stop Coddling Them: The most respected investor and capitalist on the planet, Warren Buffett, took to the pages of the New York Times this morning to … Continue reading

Posted in Accountability, Austerity / Cutbacks, Budget, ECB/IMF, Economy, EU, Ideology, ireland, Local News, Quotable Quotes, Save Our Services, Solutions, Taxation, USA / America | Tagged , , , , , , , | Leave a comment

Update: Some Solutions – Debt Commission, Targeted Public Spending, Banking Utilities, Eurobonds… Leave the Euro


David Malone / Golem XIV – A Debt Commision for the publically owned Banks like RBS: I personally, as a tax payer, was taken into a vastly costly deal blindfolded. I want the blind fold removed. Don’t tell me ‘experts’ … Continue reading

Posted in Accountability, Auditing Committee, Bankers' Bailout, Budget, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Greece, Housing Bubble, ireland, Solutions | Tagged , , | Leave a comment

“Ireland needs to leave” Eurozone – Prof. Kinsella, Smurfit Graduate School of Business


From Irish Central – Leading economist urges Ireland to quit the Eurozone ASAP; Kinsella claims lack of leadership will bankrupt Europe: “The economic forecasts on which Ireland’s budgetary policies – and the bailout – have been constructed have now been … Continue reading

Posted in Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, eurozone, Geopolitics, Independence/Nationalism, ireland, Solutions | Tagged , , , , , | Leave a comment

Update: Professor Morgan Kelly @ Kilkenny Arts Festival, Hubert Butler Lecture


From Kilkenny Arts Festival, Hubert Butler Lecture @ Soundcloud.com: On a fateful night in September 2008, the former government urgently needed some good advice. “Astonishingly,” wrote Richard Tol in The Irish Times, they “knocked on David McWilliams’s door.” Many people … Continue reading

Posted in Audio/Video, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Housing Bubble, ireland, Solutions | Tagged , , | Leave a comment

“Death of the Euro is inevitable in continuing European financial crisis” – Irish Central


From Patrick Roberts at Irish Central – Death of the Euro is inevitable in continuing European financial crisis: Standard and Poor’s may have downgraded US long term debt one size fitfor the first time in history but it is the … Continue reading

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

“In Greece, the ‘silent bank run’ goes on” – The Atlantic


Via Business Insider. Megan McArdle writes in The Atlantic – Is The Other Shoe Dropping In Europe?: In Greece, the “silent bank run” goes on: In one of the biggest banks in the centre of Athens a clerk is explaining … Continue reading

Posted in Action Stations, Bank Run, Bankers' Bailout, Civil Disobedience, Civil Rights & Liberties, ECB/IMF, Economy, EU, Euro / Sovereign Money, Greece, Solutions | Tagged , , | Leave a comment

The Crisis of the Euro: “Apart from that, Mrs Lincoln, did you enjoy the play?” (Anthony Coughlan)


“The member states whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole. The granting of any required financial assistance under the mechanism will … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Ideology, Independence/Nationalism, ireland, Solutions, Taxation | Tagged , , , , , , , | Leave a comment

3 years into crisis still trying to “save the euro” – when we should have decided to leave (People’s Movement)


Three years into the crisis and we are still trying to “save the euro,” when we should have decided to leave, set our own interest rate, scorched the bondholders, and allowed the new Irish pound to find its own value. … Continue reading

Posted in Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Independence/Nationalism, ireland, Solutions | Tagged , , , | Leave a comment

“How goodly are thy tents… Oh Israel!”


These links thanks to Tikkun Magazine email updates: Tikkun Magazine, David Harris-Gershon – In Israel, the Winds of Social Change Are Blowing: The popular protests now engulfing Israel, originally spurred by a housing crisis, have quickly morphed into an amalgamation … Continue reading

Posted in Accountability, Budget, Civil Disobedience, Civil Rights & Liberties, Economy, Food, Geopolitics, Housing Bubble, Ideology, Israel / Palestine, Pensions, Privatisation, Solutions, Unions, War & Peace | Tagged , , | Leave a comment

Greaves Summer School: Friday to Sunday, 9th to 11th September, 2011


Dates & Venue: 9th to 11th September (Friday to Sunday) 2011. The Ireland Institute, 27 Pearse St, Dublin 2 (beside Trinity College) Topics: Friday 9th September 19.30: The International economic crises (making the periphery pay) Fred Magdoff is a professor … Continue reading

Posted in Action Stations, Bankers' Bailout, Budget, ECB/IMF, Economy, EU, Geopolitics, History, Ideology, Independence/Nationalism, ireland, Solutions | Tagged | Leave a comment

“We can’t return to business as usual” (David McWilliams)


From David McWilliams – After this crisis, nothing will be the same again: If history is any guide, the end of this debt crisis globally will lead to the rightful humiliation of the interests of the banking system. We need … Continue reading

Posted in Accountability, Bankers' Bailout, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, Geopolitics, History, Ideology, imperial, Independence/Nationalism, ireland, Solutions | Tagged , , , , | Leave a comment

SIPTU call for moratorium on oil & gas licenses until Oireachtas review complete, step in right direction (Guest Post)


A moratorium should be placed on the issuing of oil and gas exploration licences until the completion of a promised Oireachtas review of the licensing system, a wide-ranging and very informative SIPTU report on the development of Ireland’s hydrocarbon resources … Continue reading

Posted in Accountability, Commodities & Cost of Living, Economy, Energy / Natural Resources, Energy: Oil, Independence/Nationalism, ireland, Solutions | Tagged , , , , | Leave a comment

“Europe is already divided by the eurozone and we are on the wrong side of that divide” (Bruce Arnold / Irish Independent)


From Bruce Arnold at the Irish Independent – We must reject calls to accept more EU control of our budgets: …closer ties with Europe… paved the way for the euro and Ireland’s entry into the mechanism, the worst mistake in … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Civil Rights & Liberties, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, History, Ideology, Independence/Nationalism, ireland, Solutions, Superstate | Tagged , , , , , , , , , | Leave a comment

Guest Post: The Irish Debacle – the Republic’s path to subordination to the ECB, EU Commission and IMF Troika (Anthony Coughlan)


Future historians will surely see Ireland’s joining the Eurozone in 1999 and abolishing its national currency to adopt the euro as the worst policy mistake ever made by the Irish State. It was an act of gross irresponsibility on the … Continue reading

Posted in Accountability, Bank Run, Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, EU, Euro / Sovereign Money, Geopolitics, Greece, History, Housing Bubble, Ideology, Independence/Nationalism, ireland, Solutions, Superstate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Meanwhile, in Africa…


Umoja Women’s Village UMOJA UASO WOMEN’S GROUP: http://www.umojawomen.org/ UMOJA: No Men Allowed – A film by Elizabeth Tadic http://www.umojafilm.com/story/ Umoja – No Men Allowed’ tells the amusing and life-changing story of a group of impoverished tribal Samburu women in Northern … Continue reading

Posted in Africa, Civil Rights & Liberties, Solutions, Women | Tagged , , , , , , , , | Leave a comment

More on Job Guarantees: Hyman Minsky & The Employer of Last Resort


Financial Stability, Social Justice, and Public Employment in the Work of Hyman P. Minsky by Ryan A. Dodd, Research Associate, University of Missouri-Kansas City, Working Paper No. 54, June 2007 – PDF, Google Docs: Abstract: The theoretical work of the … Continue reading

Posted in Budget, Economy, Housing Bubble, Ideology, Independence/Nationalism, Social Welfare, Solutions | Tagged , , | 1 Comment