Upcoming Events

National | Anti-Capitalism

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

Irish Left Review
Joined up thinking for the Irish Left

offsite link Blackrock, Noel Rock Thu Feb 04, 2016 23:15 | Des Derwin

offsite link So How?s the ol? 1 Percent Getting On? Tue Jan 19, 2016 23:21 | Michael Taft

offsite link Lower Your Expectations ? the Recovery is Settling In Tue Jan 19, 2016 22:40 | Michael Taft

offsite link ?Wants? A US-style Taxation System? Tue Jan 12, 2016 15:15 | Michael Taft

offsite link How the influence of World Bank policies damaged China?s economy Mon Jan 11, 2016 18:52 | John Ross

Irish Left Review >>

Spirit of Contradiction

offsite link The Bern Manifesto: Why I am Voting for Bernie Sanders Wed Jan 27, 2016 23:59 | Jerome Nikolai Warren

offsite link Kautsky – The crisis of capitalism and the shortening of working time Mon Nov 09, 2015 22:34 | James O'Brien

offsite link How to do better things with words Fri Oct 23, 2015 07:38 | modulus

offsite link Syriza and Israel: Syriza’s response Thu Aug 20, 2015 18:10 | yeksmesh

offsite link What does a Corbyn victory mean? Tue Aug 18, 2015 00:32 | Sami El-Sayed

Spirit of Contradiction >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Editing letters to the Irish Times

offsite link Stephen Collins: An enemy of my country Anthony

offsite link Elaine Byrne: Suffering from chronic naivety Anthony

offsite link Free speech under state attack in Ireland Anthony

offsite link Denis O’Brien: Are the sharks moving in for the kill? Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link Documentary: Ukraine ? Masks of revolution. Eng. Subs Sun Feb 07, 2016 15:31 | The Saker
VPE presents highly anticipated, controversial (to some) documentary about so called Maidan revolution. Movie itself has been produced by high ranking agents of Kremlin inside of French Canal+ TV channel:

offsite link To Refugee Or Not To Refugee ? That Is The Question? Sun Feb 07, 2016 14:23 | mod editor
This comment was chosen by Mod TR from the post ?Turkey’s Gates To Europe?.  The moderator believes this comment looks at another reason for the flood of refugees into Germany

offsite link Russia Defense Report ? Feb. 6, 2016: Battle for Arctic Sat Feb 06, 2016 15:02 | The Saker
If you are having trouble viewing this video, go to the Youtube version at https://www.youtube.com/user/crimeanf...

offsite link Week Seventeen of the Russian Intervention in Syria: does Erdogan want war with Russia? Sat Feb 06, 2016 00:06 | The Saker
This article was written for the Unz Review: http://www.unz.com/tsaker/week-sevent... The situation with Turkey is rapidly getting out of control: not only have the Turks conducted artillery strikes across the Syrian

offsite link Coming to a head in Syria Fri Feb 05, 2016 21:39 | The Saker
by Ghassan Kadi What started as a ?War On Syria?, allowed to grow and fester unabated, fueled and sponsored by eighty three nations spearheaded by Turkey, Saudi Arabia, Qatar, Israel

The Saker >>

42% of Europe’s banking crisis paid by Ireland

category national | anti-capitalism | other press author Wednesday January 16, 2013 23:00author by fred Report this post to the editors

An article in the examiner states that 42% of Europe’s banking crisis is being paid by Ireland. Thats from a tiny population of 4 million. This is a completely ridiculous state of affairs.

The Examiner penned an article putting a little pressure on the Taoiseach and his FG minions today. It claims that in real terms Ireland has shouldered 42% of the European banking crisis. Those waiting in line at soup kitchens, those surviving in negative equity and other victims of what are euphemistically referred to as "austerity measures" here and those whose businesses have collapsed as the local economy has been hollowed out through lack of bank lending and consumer spending by a cash strapped frightened public, will not be very surprised at this analysis.

Quote:
"The figures show that while the banking crisis cost Berlin €40bn, Ireland is liable for €41bn. With fractions of the population and GDP of the EU’s biggest state, the crisis has cost Ireland 25% of GDP and Germany 1.5%.

Taoiseach Enda Kenny is due to speak in the European Parliament today on the country’s work during its six months at the helm of the EU and is expected to address bank debt and the need for solidarity.

Labour MEP Nessa Childers urged him to point out that the bank debt is neither just or sustainable and must be written down if Ireland is to exit the bailout programme.

“Without burden sharing on banking debt in Europe, any pretence of solidarity left in the EU will be extinguished. If we have no burden sharing on bank debt, if the failed policies of austerity are pushed and pushed, what in the end will be left of our communities, our economies and our democracies?” she asked.

Michael Taft, research officer with the Unite trade union, said the Eurostat figures show that Ireland is a special case and requires a special solution.

“The Government has a real challenge in the negotiations over bank debt. But there is a bottom line here. If any deal does not qualitatively alter these dismal statistics, then it won’t be a deal worth applauding.

“If people are still paying nearly €9,000 each while the remainder of the EU pays only a fraction of that, then it is no deal at all; just a rearranging of euro notes on the decks of a sunken ship,” Mr Taft said.

The average banking crisis debt across the EU is €192 per person, and the figure of €9,000 for each Irish person does not take into account the €18bn put in from the National Pension Reserve Fund. "


Full article here:
http://www.irishexaminer.com/ireland/42-of-europes-bank....html

 #   Title   Author   Date 
   Germany has probably paid more than €40 billion     T    Thu Jan 17, 2013 23:10 


 
© 2001-2016 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