Statement from the Communist Party of Ireland
The announcement by Bank of Ireland that it would be cutting its workforce by 750 jobs to be imposed over the next two years is clearly just the beginning. These job losses come on the back of thousands of jobs already gone from the financial services sector and at [...]

This is just a quick response to the latest truism that wage inflation undermined the Irish economy.
Basically, what we see in Ireland over thirty years is that the average industrial wage and inflation oscillate around each other quite closely. As inflation drops/rises, wages follow, and vice-versa.

Donagh writes:
As Nat O’Connor on Progressive Economy pointed out, the NAMA Bill does not define what ‘systemically important’ means, when it states: “The Minister shall not designate an applicant credit institution as a participating institution unless he or she is satisfied that— (a) the applicant credit institution is systemically important to the financial system in [...]

Does the thought of NAMA concern you? And is the economic crisis and the proposed part solution, the McCarthy Report, a source of anxiety? Are you a bit puzzled as to the rhetoric surrounding it, after all the principals involved seem somewhat hazy on precisely what the effects of the implementation of both those will [...]

So what is the purpose of NAMA, or indeed the other idea for resolving the current banking crisis, the temporary nationalisation of Irish banks? With all the debate about the details of NAMA, whether it leads to the tax payer or the shareholder getting burned, what value will be set for the assets used as [...]

John Maynard Keynes once remarked that “practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist”. Are we approaching a time when practical men (and women) will have to make a conscious choice between the philosophies of two long-dead economists: Keynes himself and Karl [...]