Government Building, Dublin. Photo: (Wiki) – Government Buildings, Dublin, Ireland, by Mike Peel, http://en.wikipedia.org/wiki/File:Government_Buildings,_Dublin.jpg – 12th August 2005, Photograph by Mike Peel (www.mikepeel.net). Irish Times – The German Chancellor has “warned” (RTE News) that her country’s financial strength should not be overestimated by those who believe German money can solve every problem. Angela Merkel [...]
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Lisbon Referendum Poster 2009: So Much for Aspirations Germany and the EU Commission have warned against any linkage of “Irelands” bank debt with the successful passage of the Fiscal “Stability” Treaty on Friday. According to the Irish Times, Germany has cast doubt on any deal on bank debt following the fiscal treaty [...]
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Written by Foras Teamhrach
@ Irish Independent Ajai Chopra told a conference in Kenmare, Co Kerry, that it was too early to say Ireland had escaped the economic crisis. The costs of future bank failures shouldn’t be borne entirely by taxpayers in the bank’s own country, but shared on a European basis, according to the head of [...]
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Written by Foras Teamhrach
@ Global Research TV Economist Michael Hudson: “There is nothing democratic about sending Greece into a decade of depression.” India Times: “Over 10,000 civil servants and students demonstrated in Athens Wednesday in a public sector strike against deeper austerity cuts shut down services nationwide. The protests organised by the two main Greek unions, [...]
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Written by Foras Teamhrach
ZeroHedge reports that the Troika is unable to conduct its inspections of Greek deficit cut progress due to sit ins by protesting government workers at 8 ministries. From Kathimerini: "The troika has been in Athens since Wednesday but its monitoring of Greek finances is running into a variety of problems, as besides the disagreement [...]
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Written by Foras Teamhrach
@ WSWS – “In the past couple of weeks, the Left Party in Germany has started a vehement campaign for the introduction of Eurobonds. Hardly a day has passed without one of the party leaders declaring, “Eurobonds are essential” (Gesine Lötsch, party chairperson), or “unavoidable” (Gregor Gysi, fraction leader), and even that Eurobonds were [...]
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