no events match your query!
no events posted in last week
Finally, Germany Is Talking About Deutschland EU Exit - Dexit 22:57 Apr 21 0 comments
The EU in 2019 – the Problem of Survival 18:42 Jan 11 0 comments
The publication of a damning report on Ireland’s public services was delayed by EU until after polls... 06:50 Feb 27 2 comments
People's News - No. 139 7th Feb 2016 22:58 Feb 10 0 comments
Peoples News issue No. 110 Date: 21 – 9 – 14 22:01 Oct 01 1 commentsmore >>
Ukraine Buys Huge Amounts of Russian Fue... Fri Jan 20, 2023 08:34 | Antonia Kotseva
Turkey Has Sent Ukraine Cluster Munition... Thu Jan 12, 2023 00:26 | Jack Detsch
New Israeli Government Promises to Talk ... Tue Jan 10, 2023 21:13 | Al Majadeen
Russia Training Iranian Pilots Ahead of ... Tue Jan 10, 2023 15:19 | The Times of Israel
Lukashenko Abolishes Copyright Protectio... Tue Jan 10, 2023 15:05 | Nikki Main
The SakerA bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Net Zero ?Grocery Tax? Will Push Shopping Bills Up by £4 Billion, Tories warned Sun Jun 04, 2023 16:25 | Toby Young
Why Putin Won?t Go Nuclear Sun Jun 04, 2023 13:49 | Ian Rons
The Woke Movement is an Attempt by Young, Privileged Whites to Wrest Power from Older, Privileged Wh... Sun Jun 04, 2023 11:19 | Paul Frijters, Gigi Foster and Michael Baker
Oakland Teachers? Strike Over Reparations and Environmental Justice Sun Jun 04, 2023 09:00 | Richard Eldred
Antarctica Sensation: Ice Shelves Surrounding the Continent Grew in Overall Size From 2009-2019 Sun Jun 04, 2023 07:00 | Chris Morrison
Voltaire NetworkVoltaire, international edition
The reorganization of the Russian armies, by Thierry Meyssan Sun Jun 04, 2023 06:16 | en
Thierry Meyssan, leading geopolitical analyst on the Internet worldwide Sun Jun 04, 2023 04:44 | en
United States massively violates citizens' right to private life Sun Jun 04, 2023 04:24 | en
The West refuses peace in Ukraine, by Thierry Meyssan Tue May 30, 2023 07:00 | en
Armenia cedes Nagorno-Karabakh to Azerbaijan Fri May 26, 2023 04:36 | en
The Recession, Bank Bailout or our Deficit?
national | eu | opinion/analysis Tuesday May 01, 2012 09:27 by Sonya Oldham - The People's Association Watchdog irelandpaw at gmail dot com
Does the Fiscal Compact Treaty Deal with the Cause of the Crisis?
Does the Fiscal Compact Treaty Deal with the Cause of the Crisis? What Caused the Crisis? The collapse of the Irish banking system was principally caused by a failure of regulation and the reckless lending practices of the Irish and European banking system.
According to the Banking Enquiry: Financial integration in the euro area allowed banks in Ireland unprecedented access to cross-border funding. As in many smaller EU economies the entry of foreign banks intensified competition in lending. The banks’ ability to borrow cheaply in international wholesale markets created a ‘capital flow bonanza’ which has been observed to markedly increase the likelihood of a banking crisis within the receiving country. This clearly happened in Ireland.
View Comments Titles Only
Comments (1 of 1)Jump To Comment: 1
Sonya is providing a great information service on this nefarious treaty. Surely Sonya the best option is for the Irish people to follow the example of the people of Iceland and not pay. Basically we need to default. It is not the Irish people's debt so why should we pay the debts of bankers, builders and bondholders.