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Saturday 28 January 2023 Dublin: 6°C

# Economic crisis

Last year
2022
# presidential crisis
Sri Lankan president Gotabaya Rajapaksa resigns after fleeing country
The parliament will convene on Saturday to start the process of electing a new president.
All time
# Cuba
Thousands take to the streets in Havana to protest food shortages and rising prices
Cuba is going through its worst economic crisis in decades.
# Unemployment
Ibec warns of the 'sharpest compression of economic activity in living memory'
The business lobbying group forecasts Irish unemployment to level off at 16% and GDP to contract by 11% for the year.
# downturn
ESRI warns against austerity measures in short-term as economy heals from the pandemic
The think-tank has sketched the likely impact of the virus across a range of Irish economic indicators.
# Economic crisis
Venezuela heading towards 1,000,000% inflation, according to IMF
The South American nation is in the midst of a five-year economic crisis.
# Venezuela
US slams 'sham' Venezuelan elections and threatens action
The turnout in Venezuela’s presidential election was under 50%.
# Economic crisis
National food shortage sends thousands of starving Venezuelans to root through bins
Inflation and food shortages have been getting worse and worse in the country.
# Economic crisis
Blood, flies, rotting corpses: Inside Venezuela's crumbling hospitals
The economic situation in the country is so dire that even hospitals are being badly affected.
# under the counter
Russia's heavy drinkers turn to cleaning products over money woes
One doctor says he has noticed a “wave” of complications.
# i'm not sick
There was a huge drop in 'duvet days' during the economic crisis
Workers across all industry sectors take an average of 5.5 days off per year.
Voices
Extract: The role of the media in the Irish economic crisis
Some commentators have noted that Irish news organisations failed to give proper warnings of the impending crash. But why?
# Unemployment
What can be done to help Ireland's "unacceptable" rate of jobless households?
A new report has come up with a number of proposed solutions.
# Secondary School
Teachers say teenagers experiencing increased levels of emotional difficulties due to the recession
The ASTI are calling for more resources to help students with emotional difficulties or who are victims of bullying.
Voices
Column: Betting your business on the domestic Irish market is foolish, lazy and unnecessary
Being ‘the best in Ireland’ is too limited a goal for Irish businesses today; businesses should emulate Germany’s ‘Mittelstand’ approach to drive export growth, writes Patrick Burke.
# Economic crisis
How Switzerland became the quiet rebel of Europe
No, seriously.
Voices
Column: The challenges and changes we've seen since the bank guarantee
On the anniversary of the bank guarantee, the leaders of four Irish organisations reflect on the 2008 decision – and the subsequent changes they have observed in their sectors over the past five years.
# Suicide
Research links 5,000 additional suicides in 2009 to global economic crisis
There were 97 additional suicides in Ireland in 2009 with the research pointing out that rates are higher in countries with higher job losses.
Voices
Column: The fall of the Celtic Tiger – what next?
The scale of the economic and financial catastrophe that befell Ireland was virtually unprecedented in post-war industrial country history; we need to examine the inadequacies of the Irish policymaking process, write Donal Donovan and Antoin E Murphy.
# Eurozone
France enters recession in first quarter
French economic growth has been sluggish lately as a result of record unemployment and falling household demand – the key driver of the economy.
# Party Like It's 2008
FLASHBACK: Brian Cowen became Taoiseach five years ago this week
Cowen succeeded Bertie Ahern at the helm of government on May 7, 2008. Here he is, leading a hometown singsong.
# On the brink
How the Cyprus bank closure is crippling business on the island
“We cannot buy, we cannot sell.”
# Cyprus
Cyprus holds presidential election following heated campaign
The campaign was focused on rescuing the recession-hit EU member state from bankruptcy.
# Your Say
Poll: Do you think the global economic crisis is over?
Most of those attending the World Economic Forum in Davos last week reckoned the four-year crisis is over, but what do you think?
# Your Say
Poll: Do you think the jobs crisis has reached its peak?
A Eurobarometer survey says just over half of us think the worst is yet to come. Really?
# the euro
Two-thirds of Irish people want to keep the euro
That, however, is a drop in confidence in the single currency on the last Eurobarometer survey.
# Research
US suicide rates have risen sharply since economic crisis
Researchers found that the number of suicides more than quadrupled in the United States between 2008 and 2010, echoing the findings of similar research in Ireland.
# Italy
Italy protesters stage anti-austerity 'No Monti Day'
Tens of thousands of demonstrators took to the streets of Rome to protest against the prime minister and austerity measures.
# Markets
72 per cent of Irish CEOs see overseas markets as more significant
A survey also showed that only 21 per cent of CEOs believe that Ireland will return to strong GDP growth in 2013.
# Israel
Israeli Prime Minister calls for early elections
The date for the election is likely to be set next week when the parliament reconvenes for its winter session.
# friendly advice
"Stay out of the eurozone", top Austrian banker tells Czechs
“The Czech Republic now finds itself in a good situation. It has its own currency and its own monetary policy,” said Andreas Treichl.
# Not the News
Here is the week's news... skewed
BREAKING via The Mire wire: New study highlights the upside to childhood obesity – and how commuters are killing the buzz for junkies taking drugs in public.
# Labour Party
Gilmore acknowledges Labour’s poll difficulties but says crisis must be resolved
Gilmore said that his party was focussed on solving the country’s economic crisis but acknowledged difficulties with its identity in the coalition with Fine Gael.
# Summit
Taoiseach says fiscal compact WON'T be changed after meeting of EU leaders
Enda Kenny said that any kind of growth deal will be separate to the fiscal compact.
# New Words
New words: the official* glossary of 2011
*Not really. But these are the words that we never used (or understood the meaning of) before 2011.
Voices
Column: If we want to get out of this crisis, we must remember who put us here
The financial markets plunged us into economic meltdown, writes Hugh Torpey – so why are we still listening to them?
Voices
Column: Herd mentality led the UK riots – and it’s also what got us into economic trouble
Former trader Nick Leeson argues that, while it might not seem obvious at first, the psychology behind street rioters is not dissimilar to that which drove the markets, the bankers and property developers into a speculation frenzy.
# Optimism
Europeans feeling more optimistic than they were last year
Latest Eurobarometer survey shows that people are feeling more upbeat about taking control of the economic crisis – but the Irish are one of 13 nations who worry about the impact on jobs.
# Euro Crisis
Emergency EU meeting amid fears Italy could be next in crisis
Herman Van Rompuy has called top officials together for talks as the markets show jitters over Italian government debt.
# Greece
Tensions high in Greece as lawmakers brace for second vote
Protests are continuing ahead of today’s bill, which is needed to push through the austerity measures that were agreed yesterday.