Tuesday, Mar 16th 2010
[An open letter to the Government: Signatories are listed below]
THE GOVERNMENT’S economic strategy is failing. The Irish recession has been deeper and longer than almost any other in the industrialised world.
Consumer spending has collapsed while at the same time unemployment and emigration have soared. Crucially, investment has plummeted off the chart. Not only have Government [...]
Does anyone believe the Government know what it’s doing? I’m not talking about the budgetary U-turns or that sinking sensation one gets when viewing images of the troika of Lenihan, Coughlan and Cowen on our television screens. No, it’s the bank guarantee. First, the Government stated that the banks which sign up [...]
With the Dail debate playing in the background, some notes on what Brian Lenihan insists is not a bail-out.Professor Morgan Kelly relates an incident at a conference he attended:
‘Bankers are well known for getting carried away during bubbles which is why governments appoint central banks to keep an eye on them. You probably think that [...]
Sometimes something happens that takes one breath away. It makes it hard to speak, never mind coherently. The Government’s bank guarantee proposal is one such. It constitutes a fundamental capitulation, not to the logic of the ‘free market’ nor to the necessity of state ownership, but to a uniquely Fianna Fail policy of propping up some [...]