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Peoples News issue No. 110 Date: 21 – 9 – 14 22:01 Oct 01 1 commentsmore >>
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A bird's eye view of the vineyard
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Atlantic Hurricane Season Below Average in Latest Blow for Net Zero Alarmists Wed Nov 30, 2022 19:00 | Chris Morrison
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To Chinese Protestors: Courage, Mon Frčre Wed Nov 30, 2022 09:00 | N.S. Lyons
Voltaire, international edition
Voltaire, International Newsletter N°16 Wed Nov 30, 2022 12:48 | en
Only the plurality of information can prevent war, by Thierry Meyssan Tue Nov 29, 2022 07:00 | en
Netanyahu government reconnects with "revisionist Zionism" Tue Nov 29, 2022 04:00 | en
Russia reverts to US biological military program abroad Mon Nov 28, 2022 14:17 | en
Zelensky trapped by Moscow and Washington, by Thierry Meyssan Tue Nov 22, 2022 07:02 | 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.