Tag Archives: austerity

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

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

Ireland must surrender budget control to EU – Peter Sutherland, chairman of Goldman Sachs International (Guest Post)


IRELAND should be willing to give Brussels more control over the country’s fiscal and budgetary policy as part of any efforts to save the European Union, former Attorney General and EU commissioner Peter Sutherland has said. The ex-attorney general said … Continue reading

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What’s wrong with EU? Egg on Egghead’s face: Egg-shaped €240mil EU office announced @ Greek crisis talks


From EUobserver.com – Van Rompuy’s ‘egg’ goes down badly at EU summit: EU Council head Herman Van Rompuy… handed round a glossy brochure to EU leaders for the €240 million building during a dinner in Brussels on Thursday (23 June) … Continue reading

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Iceland vs. Ireland (2): Default pays Dividends – while Austerity Crucifies Economy (Krugman, New York Times))


Attention Joe Barry and the entire Irish Borg Collective; the entire Banker Bailout in a nutshell… courtesy of Paul Krugman who writes in the New York Times – The Penalty for Default, the Payoff to Austerity: Ahem: “The credit default … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Ideology, ireland, Quotable Quotes | Tagged , , , , , , | Leave a comment

Breakup of the Eurozone? Is Iceland’s Rejection of Financial Bullying a Model for Greece and Ireland? (Michael Hudson – Counterpunch)


From Michael Hudson at Counterpunch (a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto … Continue reading

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

Guest Post: Austerity measures accelerated in Greece


The Greek government is introducing new austerity measures, aiming at raising €25 billion over the next four years. The measures will concentrate on tax increases rather than cuts to social services, with an increase in road tax, the extension of … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, Economy, Elections, EU, Geopolitics, ireland | Tagged , | Leave a comment

Guest Post: The Human Cost of Austerity


Suicide is now the most common cause of death among 15 to 24-year-olds in Ireland. A disturbing feature is the level of male suicide, which accounts for 80 per cent of all deaths in that age group. Ireland has the … Continue reading

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Daily Telegraph: “monetary union approaching outer limits of politically possible”


From David Warner, Assistant Editor @ Daily Telegraph – Is the cost of saving the euro beyond reach?: …although the parties that gained at the CDU’s expense all substantially share Mrs Merkel’s view that the euro must be saved, the … Continue reading

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Paul Krugman / New York Times: How is Austerity? Just ask the Irish


Via Irish Central; Nobel Laureate Paul Krugman writes in the New York Times – The Austerity Delusion: Portugal’s government has just fallen in a dispute over austerity proposals. Irish bond yields have topped 10 percent for the first time. And … Continue reading

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Spiegel: Greece May Quit Euro


From Spiegel Online – Return to the Drachma? Economists Warn Greece May Have to Quit Euro: Greece’s debts are rising rapidly despite radical austerity measures. Now a group of leading European economists has warned that creditors might have to write … Continue reading

Posted in Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Geopolitics, Media | Tagged , , , , | Leave a comment

Mark Ames / Exiled: “Austerity – All Pain, No Gain”


From The Exiled Online, Mark Ames writes – A Brief History of “Austerity Program” Massacres and Disasters: … They’re backed by the Establishment media, which has been hammering home the same message for months now: Austerity is the answer to … Continue reading

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Bank Credit Analyst: Iceland vs Ireland – Devaluation vs Deflation


From BCA Research‘s Daily Insights (via John Mauldin’s Thoughts From The Frontline) – Iceland, Ireland And The Role Of The Currency: The different adjustment paths of Ireland and Iceland are classic examples of devaluation versus deflation. Iceland and Ireland experienced … Continue reading

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John Doody – Unwanted. Reward: Ireland’s Future!


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John Doody – Budget 2010: The Nightmare Before Christmas


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