Isn’t it reasonable to ask why we are destroying ourselves to save a system that has failed us – and offers only further suffering into the future? The Ballyhea campaign group is highlighting Ireland’s debt injustice, writes Rory Hearne.
The motion was defeated by 77 votes to 40 in the Dáil this evening with Sinn Fein and Independents supporting it and Fine Gael and Labour in opposition.
The Finance Minster says that Ireland’s decision not to take a post-bailout credit line was because this was a “benign” time. The Troika say Ireland is in a “strong position”.
Josph Stiglitz said that austerity has been shown historically not to work and implementing such policies after 2008 was a bigger mistake then the choices made before the crash.
Bank of Ireland, AIB, Merrill Lynch International Bank, Ulster Bank and Permanent TSB have all been named on a list of 128 banks to take part in the process.
Táinaiste Eamon Gilmore said in an interview with the Financial Times said that the Government will not let others ‘drive the speedometer’ on Irish austerity.
Yesterday, Mario Draghi said the ECB is alert to geopolitical risks that may come out of the Syrian situation and said that the caution expressed about recovery was warranted.
The European Union has a single guiding principle: keep inflation down. But that view is far too narrow at a time when the bloc is undergoing an appalling unemployment crisis, writes Tiernan Brady.
Michael Noonan has explained the significance of last night’s agreement between eurozone finance ministers about the potential retrospective recapitalisation of Ireland’s banks.
Austerity has not worked in Ireland or across the eurozone, writes Joan Collins, who points out that even the architects of our bailout admit it was the wrong path.
