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Tag Archives: burn the bondholders
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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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
Time to stop drinking the ECB kool-aid
The government will announce its much-vaunted jobs’ initiative later today but it is abundantly clear that it will take more than a trifling €500m raid of private pension funds to replace some of the 200,000 jobs that have been lost … Continue reading