Upcoming Events

National | Workers Issues

no events match your query!

User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

forward

Cedar Lounge
For lefties too stubborn to quit

offsite link Michael Gaughan, Clann na hÉireann and an ?independent? ASU in England in the 1970s 13:53 Mon Sep 22, 2014 | WorldbyStorm

offsite link Sports Special ? what you want to say? September 22nd, 2014 12:53 Mon Sep 22, 2014 | WorldbyStorm

offsite link Left Archive: Northern Ireland: A Marxist Analysis ? Militant (Dublin) [then part of the Irish Labou... 03:03 Mon Sep 22, 2014 | WorldbyStorm

offsite link Speaking of that unwanted gift? 16:40 Sun Sep 21, 2014 | WorldbyStorm

offsite link Ireland and independence 12:43 Sun Sep 21, 2014 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link KENNY MAGIC TRICKS 08:39 Thu Sep 18, 2014

offsite link Global Finance, Money and Power: Lecture Two - The Development of Money and Banking 06:19 Thu Sep 18, 2014

offsite link Global Finance, Money and Power: Lecture One - The Nature of Money and Credit 10:21 Thu Sep 11, 2014

offsite link MANDATE TRADE UNION TRAINING - IRELAND AND FINANCE (SEP 2014) 08:58 Tue Sep 09, 2014

offsite link I SEE THE CLICHÉ CHICKENS ARE BACK AGAIN TED 10:02 Sat Aug 30, 2014

Dublin Opinion >>

Human Rights in Ireland
www.humanrights.ie

offsite link Conference on EU Counter-Terrorism, Dublin, 13 October Sat Sep 20, 2014 10:36 | Fiona de Londras

offsite link Rooney on Hassan v UK: ?symbiotic approaches?, ?subsequent practices? and amicus curiae Fri Sep 19, 2014 11:13 | GuestPost

offsite link Ireland to ratify complaints mechanism under UN Convention on the Rights of the Child. Thu Sep 18, 2014 13:51 | Edel Quinn

offsite link Invitation to Tender: ECHR Act & ECFR in Irish Courts Thu Sep 18, 2014 10:14 | GuestPost

offsite link PILnet?s 8th Annual European Pro Bono Forum Tue Sep 16, 2014 15:14 | GuestPost

Human Rights in Ireland >>

NAMA Wine Lake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

offsite link Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake

NAMA Wine Lake >>

Ireland’s Booming Economy in the Midst of Austerity and Cutbacks

category national | workers issues | opinion/analysis author Saturday December 01, 2012 09:54author by Caoimhghin Ó Croidheáinauthor email caoimhghin at yahoo dot com Report this post to the editors

Exports are booming while business and political elites are determined to make ordinary Irish people pay for the financial crisis

Despite the fact that the Irish people are currently enduring endless austerity and cutbacks, exports are booming.[1] The Irish Exporters Association (IEA) reports a 10 percent rise in the export of goods and services in Ireland between July and September compared to the same period a year ago. Exports are set to hit a record €183.7bn this year and with the corporate tax rate at 12.5 per cent business elites are doing nicely in Ireland.[2] Meanwhile, the Irish government is handing out a large percentage of the budget to unsecured bondholders to the tune of €18 billion this year with a couple of billion more to go before year’s end. According to Diarmuid O'Flynn writing in his blog bondwatchireland:

“Please know, we are being betrayed by our own. We are betrayed by our own government, who are colluding with the ECB in implementing a policy of private interests over public good, of the primacy of banks over people; we are betrayed by a national media who have abandoned their primary duty of objectively and honestly informing the people of what's happening.”[3]

However, the media has been busy reporting the jailing of Sean Quinn [4] who was formerly Ireland's wealthiest man. He was sentenced to nine weeks in prison for failing to comply with a court order having been previously found guilty of contempt of court, for hiding assets from the former Anglo Irish Bank. It is a sign of the desperation of the Irish people for work that the disgraced businessman (along with his son and nephew) has been the subject of large demonstrations in support for the Quinn family. [5]

Meanwhile the Irish Central Statistics Office (CSO) is showing that with all the cutbacks and money being diverted into private interests, household savings are falling, banking business is shrinking and the Government's finances is deteriorating. [6] In the area of education and health, working conditions and cutbacks are having demoralizing effects on society as a whole. For example, the Teachers’ Union of Ireland (TUI) commissioned a new independent survey which showed “the massive impact that cutbacks have had on schools all around the country. In particular, the loss of posts of responsibility such as year head have severely damaged the support framework so important for marginalised students” and that “reduced family incomes have had a significant detrimental impact on students’ capacity to purchase school books and other general classroom materials.” [7] In a recent article Consultant Dr Altaf Naqvi “warned that morale among young doctors -- both Irish and from overseas -- is at ‘rock bottom’.” He states “I have worked in other countries such as Iran and Saudi Arabia but conditions are far worse here and doctors -- both national and from overseas -- are on the verge of nervous breakdowns, things are at crisis point”. [8]

Business and political elites are determined to make ordinary Irish people pay for the financial crisis with a whole raft of new taxes and charges coming down the line over the coming year. New annual water and property charges [9] of up to €800 a year combined with a ‘gathering tsunami of mortgage arrears’ [10] whereby “about 23 per cent of mortgage holders were either in arrears or had their mortgages restructured following consultations with the banks” [11] may soon create the kind of vocal reaction and demonstrations perceived to be strangely lacking in Ireland up to now.

[1] http://www.independent.ie/business/irish/barclays-posit....html

[2] http://www.irishtimes.com/newspaper/finance/2012/1101/1....html

[3] http://bondwatchireland.blogspot.ie/2012/10/the-dirty-d....html

[4] http://www.irishcentral.com/news/Former-billionaire-Sea....html

[5] http://www.herald.ie/news/gaa-celebs-slammed-for-backin....html

[6] http://www.businessworld.ie/livenews.htm?a=3003462

[7] http://www.tui.ie/press-releases/survey-highlights-dama....html

[8] http://www.herald.ie/news/hospital-conditions-here-are-....html

[9] http://www.independent.ie/business/personal-finance/lat....html

[10] http://www.irishexaminer.com/opinion/editorial/mortgage....html

[11] http://www.irishtimes.com/newspaper/ireland/2012/1107/1....html

Caoimhghin Ó Croidheáin is a prominent Irish artist who has exhibited widely around Ireland. His work consists of paintings based on cityscapes of Dublin, Irish history and geopolitical themes (http://gaelart.net/). His blog of critical writing based on cinema, art and politics along with research on a database of Realist and Social Realist art from around the world can be viewed country by country at http://gaelart.blogspot.ie/.

Related Link: http://www.globalresearch.ca/irelands-booming-economy-i...11211
© 2001-2014 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy