Written by Foras Teamhrach
60 or more protesters were present. According to RTE News: “Gardaí were present and said the incident passed off without any of the protesters getting close to the minister.” RTE News: Protesters confront Phil Hogan over Household Charge, Wednesday, 11th April 2012 – http://www.rte.ie/news/2012/0411/protesters-confront-hogan-over-household-charge.html
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Written by Foras Teamhrach
Source: ZeroHedge, 28th 1st 2012 Greek Communist Party (KKE) “If the Commissioner be necessary for the plutocracy, it will accept him. But with or without a commissioner, crime against the people is predetermined by the co-ruling of the EU the ECB and the plutocracy in general. ” Alexis Tsipras, chairman of left-wing SYRIZA asked [...]
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Written by Foras Teamhrach
The Anglo – Irish Bondholders, courtesy of Guido Fawkes Minister for Finance Michael Noonan stated he was “not too pleased” about the repayment paid on November 2nd of a $1 billion (€715 million) bond to senior unsecured and unguaranteed bondholders at Anglo Irish Bank. Anglo and Irish Nationwide Building Society, now known as the Irish [...]
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Written by Foras Teamhrach
The Socialist Voice newspaper has provided a breakdown of the overall extent of Irish Government debt. The latest issue provides a summary of a new report called An Audit of Irish Debt, produced by Dr Sheila Killian, Dr John Garvey and Frances Shaw of the University of Limerick and sponsored by the Debt and [...]
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Written by Foras Teamhrach
Irish Times – “The Government should oppose the nomination of French finance minister Christine Lagarde as head of the International Monetary Fund (IMF) because she is “aggressive”, “hawkish” and “so hostile” to Ireland, the Dáil has been told. Independent TD Shane Ross (Dublin South) warned that “if we support someone who is so hawkish against [...]
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Written by Foras Teamhrach
Taoiseach Enda Kenny has said the State will not seek to restructure its debt, but will continue to seek improvements in the EU-IMF bailout package. "We will repay our loans. We will not restructure our debt," Mr Kenny told reporters in Celbridge, Co Kildare. "We are not looking for any further time. We are going [...]
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Written by Foras Teamhrach
“The markets don’t seem impressed by the Irish bailout — nor should they be. As I read it, European policy makers are still — still! — viewing the crisis as a confidence problem, not a fundamental problem. … The basic situation is that given the cost of rescuing Ireland’s banks, and the damage harsh austerity [...]
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Written by Foras Teamhrach
The view of the Irish Times is that the budget must be passed – “A decision by the Dáil to reject the budget would do even further damage to Ireland’s tarnished international reputation, as it would display to the world the inability of the country’s politicians to deal with our enormous problems.” No less. Read: [...]
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Written by Foras Teamhrach
In relation to the push for a bail-out for the Irish banks, and the activity on the bond markets which led to this process, it has been argued that the various international credit rating agencies – Moody’s, S&P and Fitch – have played a central and controversial role in the European bond market crisis. As [...]
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Written by Foras Teamhrach
“Seven developed countries will need to borrow larger percentage of GDP than Ireland in 2011 – IMF Report. So, despite high interest rates on bonds now, our borrowing needs are well behind USA, France, Italy, Greece, Japan, Belgium, Portugal: There isn’t any talk to these higher borrowers, so clearly this is not the reality for [...]
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