Tag Archives: ireland

“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

San Francisco Chronicle / Bloomberg: “Greece, Ireland, Portugal Should Default on Debt, Hedgefund Says


From the San Francisco Chronicle / Bloomberg – Greece, Ireland, Portugal Should Default on Debt, Pimco Says: Aug. 17 (Bloomberg) — European politicians should let Greece, Ireland and Portugal default while taking steps to ensure Italy and Spain won’t, according … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, Geopolitics, Greece, ireland | Tagged , , , , , , , | Leave a comment

The ECB Job (2)


Telegraph – Financial crisis; Italy could tip euro into abyss: The relentless plunge of financial markets will lurch into a more dangerous phase that could take the global economy over the brink of disaster, unless the European Central Bank starts … Continue reading

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

Update: The Panic of 2011 (2)


Irish Left Review, Michael Burke / Socialist Economic Bulletin – Panic on world markets: European (including British) stations are reporting the Wall Street-led declines as a response to the continued debt crisis in Europe. But this makes no sense. An EU … Continue reading

Posted in Bank Run, Bankers' Bailout, Breaking News, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Greece, ireland, Italy, Spain, War & Peace | Tagged , , , , , , , , , , | Leave a comment

Back where we started? Deal agreed at EU summit rests on some heroic assumptions (People’s Movement)


Back where we started? Euro-zone leaders took some measures last week to save their currency. But the deal agreed at the EU summit rests on some heroic assumptions. Moreover, with the confusion over figures and formulas that arose in its … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU, Geopolitics, Greece, ireland, Superstate | Tagged , , , , , , , , , , | Leave a comment

A spectre is haunting Europe – the spectre of democracy (Guest post)


All the powers of the European Union have entered into a Holy Alliance to exorcise this spectre: the European Council, Commission, Central Bank, Court of Justice, German Chancellors, French Presidents and national politicians who are prepared to do almost anything … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Elections, EU, Geopolitics, Ideology, Independence/Nationalism, ireland, Superstate | Tagged , , , , , , , , , , , , , | Leave a comment

“Greece – It’s all about bailing out French and German Banks… Ireland is waiting for an excuse to claim it was pushed.” (David Malone)


From David Malone – author of The Debt Generation – Greece; It’s all about bailing out French and German Banks: When the Greek debt crisis first surfaced it could have been dealt with as a crisis in Greece. Granted Ireland … Continue reading

Posted in Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Independence/Nationalism, ireland, Solutions | Tagged , , , , , , | 1 Comment

“The Greek Crisis and the Threat to Political Liberalism: A cautionary tale for Ireland, Portugal, the whole of Europe” (Yanis Varoufakis)


Shades of Section 31 (remember that, when you fondly remember Garret Fitzgerald’s “liberal” credentials..?) – no, not the Star Trek Section 31, but close: the classic Workers’ Party / New Agenda / Democratic Left / Neo-Labour leadership, entryism, institutional capture, … Continue reading

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“A nation that gives up its sovereign currency by joining the euro gives up the three most effective means of responding to a recession.” – Bill Black


Via Politics.ie – Bill Black [Associate Professor of Economics and Law at the University of Missouri-Kansas City… white-collar criminologist… former senior financial regulator, and the author of The Best Way to Rob a Bank is to Own One] writes at … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Geopolitics, Housing Bubble, Solutions | Tagged , , , , , , , , , | Leave a comment

“The European problem is way beyond Greece… we’re probably going to have to restructure Ireland and restructure Portugal.” (Bloomberg)


Pay no attention to that Varadkar behind the curtain! Via Bloomberg – Problems Go ‘Way Beyond’ Greece: “The European problem is way beyond Greece,” Fink said in the interview in Hong Kong. “Greece is the most immediate problem. I find … Continue reading

Posted in Debt Default/Restructuring, ECB/IMF, Economy, ireland | Tagged , , , , , , , | Leave a comment

Euro default “inevitable”: Former Bank of England Monetary Policy Committee member Blanchflower


From Robert Miller at the Telegraph – Blanchflower: A euro debt default ‘inevitable’: Former Bank of England Monetary Policy Committee member David “Danny” Blanchflower tells Robert Miller that a failure by the ECB to tackle the debt problems in the … Continue reading

Posted in Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, ireland, Solutions | Tagged , , , | 1 Comment

Contra RTE, Noonan & Entire Official Ireland – “Ireland Is Quietly Deteriorating”: Business Insider / Bank of America Merrill Lynch


Business Insider reports – Meanwhile, Ireland Is Quietly Deteriorating: From Bank of America Merrill Lynch: March’s data reflects a subdued macro picture. Retail sales fell 3% yoy in Q1 2011 although March consumer confidence rose to a 7-month high of … Continue reading

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Morgan Kelly: “Ireland’s future depends on breaking free from bailout”


Via Politics.ie, Morgan Kelly writes in the Irish Times – Ireland’s future depends on breaking free from bailout: Ireland is facing economic ruin. While most people would trace our ruin to to the bank guarantee of September 2008, the real … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, Debt for Equity, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Geopolitics, History, Housing Bubble, Ideology, Independence/Nationalism, ireland, Leo Varadkar versus the World, Solutions | Tagged , , , , , , , , , , | Leave a comment

Guest Post: EU “solidarity” that can only make our bad situation even worse


Just when you thought it couldn’t get any worse, along comes a new piece of EU “solidarity” that can only make our bad situation even worse. The Tánaiste, Éamon Gilmore, has admitted that Ireland will be required to pay approximately … Continue reading

Posted in Bankers' Bailout, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, EU, Geopolitics, ireland, Taxation | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Quotable Quotes: “A bail-out is not possible and will not exist”


The euro has been a rock of stability, as illustrated by the contrasting fortunes of Iceland and Ireland. Richard Corbett, former British Labour Party MEP, 2009. Solidarity is possible, [and] will exist. A bail-out is not possible and will not … Continue reading

Posted in Accountability, Audio/Video, Bankers' Bailout, Economy, EU, Euro / Sovereign Money, Humour, Quotable Quotes | Tagged , , , , , , , , , , , | Leave a comment

“We are borrowing from tomorrow to pay for yesterday, forgetting about today” – Max Keiser in Ireland


Via Mish’s Global Economic Analysis blog, Max Keiser – Hotspots with Max Keiser; Ireland:

Posted in Accountability, Audio/Video, Bankers' Bailout, Budget, Civil Disobedience, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Housing Bubble, Independence/Nationalism, Infrastructure / Transport, ireland | Tagged , , | Leave a comment

David McWilliams: ECB Emperor Has No Clothes


From Celebrity/Veracity Economist David McWilliams – We need to show ECB it’s not the only show in town: Today, small countries like Ireland could take a leaf out of the book of the old city-states. Instead of committing ourselves totally … Continue reading

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

Irish Times – Stiglitz, Cragg: “ECB-IMF deal is a noose that will strangle economic recovery”


From Michael Cragg and Joseph Stiglitz @ the Irish Times – ECB-IMF deal is a noose that will strangle economic recovery: In effect, the International Monetary Fund (IMF) and European Central Bank (ECB) are asking ordinary Irish workers and citizens … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Geopolitics, Housing Bubble, ireland, sovereign money | Tagged , , , , , | Leave a comment

Telegraph: “The simple truth is that Greece, Ireland and Portugal are all bankrupt”


From Peter Oborne @ The Telegraph – George Osborne must act before Britain is sucked into the euro whirlpool: This is denial. The simple truth is that Greece, Ireland and Portugal are all bankrupt. Perhaps it is worth spelling out … Continue reading

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

Rule Britannia: Kenyan Colonial Murder Spree Comes Back To Haunt UK


Daily Mail: Barack Obama’s grandfather ‘tortured by the British’ during Kenya’s Mau Mau rebellion [Just a thought: those wishing to lay out the welcome mat for Mrs. Windsor the same week as Mr. Obama arrives, should dress up in Mau … Continue reading

Posted in Accountability, Civil Disobedience, Civil Rights & Liberties, Geopolitics, History, Ideology, imperial, Independence/Nationalism, ireland, War & Peace | Tagged , , , , , , , , , , , | 1 Comment

Daily Telegraph: “Europe’s arse over tit approach to imminent default”


From Jeremy Warner, assistant editor of The Daily Telegraph – Will Portugal be the straw that breaks the euro camel’s back? (Rather less a robust title than that within the web address…): The trouble with the European approach to the … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU, ireland, Solutions | Tagged , , , , | Leave a comment

New York Times: “Irish bailout deal wrongly puts full repayment burden on hard-pressed taxpayers, sparing rich country creditors who made big profits lending to risky borrowers”


From a New York Times editorial – Less Than Needed on the Euro: The Greek and Irish bailout deals wrongly put the full repayment burden on the hard-pressed taxpayers of these two countries, sparing the rich country creditors who made … Continue reading

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

Financial Times: “Germany & France have no business pinning Ireland to floor when Irish taxpayers are picking up the colossal bill for European banks”


From a Financial Times editorial – ‘Bully Beef’ Europe: This represents a dishonourable attempt to exploit the eurozone’s debt crisis as a means of bullying Ireland into policies that, so it is hoped in Berlin and Paris, will stem leakage … Continue reading

Posted in Bankers' Bailout, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Geopolitics, Housing Bubble, ireland, Taxation | Tagged , , , , , , | 1 Comment

The Market Oracle: “Something has to give”


From Ashraf Laidi at The Market Oracle – ECB Peripheral Divergence and EUR/USD: The divergence (contradiction) between rising peripheral Eurozone bond spreads and the rising euro caused many to question the sustainability of the currency’s rebound. How could the euro … Continue reading

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

Oil (5): Ernst & Young – if oil goes to $150, one eurozone country may default


Again, confirmation of our February 23 and later postings; From BusinessInsider – ERNST & YOUNG: If Oil Rises To $150, At Least One Eurozone Country Will Default: If the price of Brent crude oil surges to $150 a barrel, one … Continue reading

Posted in Budget, Debt Default/Restructuring, Economy, Energy / Natural Resources, EU, Geopolitics, ireland | Tagged , , , , | Leave a comment