Joined up thinking for the Irish Left
Hardship never lasts forever? Wed May 04, 2016 15:50 | Raymond Deane
DDCI calls on New Government to Strictly Regulate Vulture Fund Acquisitions Wed May 04, 2016 15:22 | Irish Left Review
Warning: Ultra-Low Spend Economy Ahead Wed May 04, 2016 11:59 | Michael Taft
May Issue of Socialist Voice Out Now Wed May 04, 2016 10:56 | Communist Party of Ireland
Time to Get Real Fri Apr 29, 2016 13:45 | Michael Taft
Irish Left Review >>
Of Tankies, Trots and Social Democrats Thu May 12, 2016 23:41 | Gavin Mendel-Gleason
Avatars of the Advanced-Capitalist Psyche â€“ Capitain America: Civil War Mon May 09, 2016 00:07 | Gavin Mendel-Gleason
Wailings about Left Unity Sat Feb 13, 2016 01:13 | James O'Brien
The Bern Manifesto: Why I am Voting for Bernie Sanders Wed Jan 27, 2016 23:59 | Jerome Nikolai Warren
Kautsky â€“ The crisis of capitalism and the shortening of working time Mon Nov 09, 2015 22:34 | James O'Brien
Spirit of Contradiction >>
Interested in maladministration. Estd. 2005
Broadcaster George Hook accuses politicians of tax evasion
The toxic link between police and politics Anthony
The cesspool that is Irish politics Anthony
Finian McGrath cashes in his principles Anthony
Vincent Browne: Blind to what’s coming down the road Anthony
Public Inquiry >>
A bird's eye view of the vineyard
Moveable Feast Cafe 2016/05/28 ? Open Thread Sat May 28, 2016 02:30 | Herb Swanson
2016/05/28 01:30:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of
Hilarious Sharii video: Putin did not surrender, Combat Beards and Auras on Ukrainian news Fri May 27, 2016 23:03 | The Saker
Another Anatoly Shariy video poking fun at Ukrainian “standards” of journalism!! (thanks to Tatzhit Mihailovich for subtitling this video for our community!!)
?CrossTalk? Who?s aggressive? Fri May 27, 2016 15:49 | The Saker
How Russia is preparing for WWIII Fri May 27, 2016 00:23 | The Saker
This article was written for the Unz Review: http://www.unz.com/tsaker/how-russia-... I have recently posted a piece in which I tried to debunk a few popular myths about modern warfare. Judging by
Sayyed Hachem Safieddine Chairman of the Executive Council of Hezbollah in Lebanon Fri May 27, 2016 00:19 | The Saker
In an interview with the official website of the Leader of the Islamic Revolution of Iran, conducted in Beirut by Marwa Osman*, Sayyed Hachem Safieddine Chairman of the Executive Council
The Saker >>
"The claim of a successful Irish programme is complete rubbish."
Sunday December 15, 2013 22:52 by O. O'C. - The Peoples' Movement
For those who don’t wish to be economical with the truth, and those who are bearing the burden, let’s look at some numbers:
• Number of people employed: Down by 13 per cent since January 2008.
• Number of people unemployed: Up from 107,000 in January 2008 to 296,300 today.
• Annualised domestic growth rate: –1.2 per cent.
• Net emigration: The number of people leaving the country is higher than the number coming in by 35,000. Gross emigration was more than 80,000 last year alone. In six years it went from the highest net immigration level in Europe to the highest emigration, overtaking the Baltic states and Kosovo. Meanwhile a group of students and other young people in Dublin has launched a campaign called “We’re not leaving” after the Government sent out letters encouraging young people to seek jobs abroad.
• Government deficit as a proportion of GDP: 7.3 per cent.
• Public debt: 121 per cent of GDP in 2013, up from 91 per cent in 2010 and 105 per cent in 2011.
• Household debt: 200 per cent of GDP. There are people living on €50 per week or less after paying their bills. We have had eight austerity budgets since 2008; in the community sector there have been cuts of 35 to 40 per cent.
• Value of assets underpinning household debt: –56 per cent since the crisis began.
•Mortgages in arrears for more than six months: 17 per cent of all mortgages.
(Read the whole thing at Blog An Phobail - http://www.irishreferendum.org/ )
The claim of a successful Irish programme is complete rubbish. The government has got its interest rate down through a mix of Troika-ECB backing and confidence in the government’s ability to follow the rules; but all the underlying economic problems are still there, and will not go away. The Irish debt-to-GDP ratio will continue to rise in the foreseeable future.
Since the 1980s Ireland has tried to run its economic policy essentially by appealing to the rest of the world—that is, by “sucking up.” Whatever everyone else is saying, the Irish government will do with gusto. Mix this with a little bit of clever behind-the-scenes diplomacy and you have Irish economic policy.
After the crisis the Fine Gael and Labour Party government essentially followed the formula that is supposed to have worked so well in the 1990s and 2000s. So when the Troika said, Get your bond yields down through compliance ... the government did exactly that.
There is a widespread belief that this will automatically lead to economic growth. This belief is entirely irrational, but that matters little. The politicians have convinced us that, as long as they achieve this target, all else will be well.
There is a profound sense of injustice but also a feeling that we can’t do anything about it: that we’re a small country on the periphery of the EU, powerless against the EU Commission, the ECB, and the IMF. And as long as we avoid the fundamental questions of membership of the euro and our continuing relationship with the EU, it will remain so.
A national debate on these issues would be a first but necessary step to empowering the Irish people once again...