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Category Archives: Bailout
We’ll seek retribution over nation’s debt legacy if we want to, St. Bruton
Have you heard the good news? Finally, one of our wise elder statesmen has discovered the cure for what ails our nation. You can forget your tribunals, criminal investigations, court cases, and convictions. No, that due process stuff is seriously overrated. … Continue reading
Minister Joan Burton on Ireland’s endemic and systemic corruption scandals
Social Protection Minister Joan Burton gave a wide-ranging lecture in Trinity College today on corruption in Ireland – citing, variously, the child sex abuse scandal; her own experience, as a “newbie” councillor in Dublin City Council, of receiving 42 legal … Continue reading
Posted in Bailout, Bankers, Economy, Justice, Politics
Tagged banks, Bertie Ahern, Mahon Report, Mahon Tribunal, Nyberg Report
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If the government really wants to tackle fraud, it should take on the banks.
From the Irish Examiner on January 4… THE Government is engaged in a campaign of vilification against those claiming social protection benefits despite an Oireachtas report revealing the proportion of fraudulent overpayments actually decreased by more than half between 2007 … Continue reading
Posted in Bailout, Bankers, Economy
Tagged Department of Social Protection, social welfare fraud, social welfare reform
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Deliver your election promises. Then we might begin to feel optimistic.
From the Irish Examiner on December 28… IN CASE you missed it while gorging on turkey at the weekend, the latest zany instruction from Government is to “embrace a policy of realistic optimism” — as opposed to the unrealistic optimism … Continue reading
Through the looking glass with Fine Gael and Labour
With a national unity government now formed in Greece, in a last-ditch effort to save it from financial Armageddon, it is worth taking a closer look at the affect of draconian austerity measures on the Greek people – because, where … Continue reading
Posted in Bailout, Bankers, Economy
Tagged banks, burn the bondholders, ECB, EU, IMF
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As we pay €713m we don’t owe, our EU ‘leaders’ live in jet-set style
The state yesterday dutifully handed over €713 million to unsecured Anglo Irish bondholders and will again stick its hands in our pockets and fork out a further €1.25 billion in January. The Financial Times dubbed yesterday’s payment “a windfall profit … Continue reading
We’re getting burned just so bondholders get their cash
Neglected to post last week’s Irish Examiner column – We’re getting burned just so bondholders get their cash – so posting it here.. IT may have escaped your notice but the country has finally emerged from the economic crisis that … Continue reading
Austerity is crippling the country
There has been more proof, if any were needed, that Ireland’s mantle as “best little bailed out country” in Europe is in no danger of being usurped. After our new coalition government continued imposing the swingeing cuts that were devised … Continue reading
Protests in Spain, riots in Greece and heads-in-the-sand in Brussels
Hundreds of years ago, in more civilized times, virgins were sacrificed to appease the gods. Today, we’re happy to sacrifice whole countries. While sovereign nations go through the motions, and have elections every four or five years, it has latterly … Continue reading
Brian Hayes’ break with reality
Only a special kind of politician can sound increasingly assured and authoritative the more gibberish they regurgitate. Bertie Ahern is a case in point. One could often be impressed by the ferocity of his feeling on an issue only to … Continue reading
Posted in Bailout
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