The Spanish newspaper El Pais has a story today on a version of Spain’s rescue package for the banks which has only been made available in Germany and the Netherlands but not in Spain. In…
Tagged By ECB
It is now official: The Eurozone’s monetary transmission system is broken
Very important blog post here from Yanis, so I thought I’d re-post it. Under normal conditions, the interest rates that you and I must pay on a home loan, a car loan, our credit card,…
Draghi says NO to Bank Debt writedown after Irish Yes vote! Well, what did you expect?
“The yes vote shows that the Irish people consider fiscal consolidation and fiscal stability a basic pillar for growth and for further European integration. But I don’t think there was ground or any statement for…
The Anglo: Not Our Debt Campaign Supports Today’s Protest Outside ECB Demanding Debt Justice
Press release from Anglo: Not Our Debt The Anglo: Not Our Debt campaign has lent its support to a protest taking place today at the European Central Bank (ECB) by Irish groups and individuals demanding…
The debt crisis and the fiscal treaty referendum in Ireland
This article originally appeared in Transnational Institute. The Irish debt catastrophe arose from a massive increase in borrowing during the 2000s on the part of Irish banks: the 6 main Irish banks borrowed €15 billion from abroad…
The ECB and the Fiscal Compact Treaty Referendum
Jim Stewart has an excellent post on Progressive Economy which suggests that inadvertently the recent talk given by the Executive Director of the ECB, Jörg Asmussen to the IIEA in Dublin provided plenty of grounds for voting…
EU rewards Goldman Sachs for Greek debt scheme
In an earlier article, EU’s selective Lessons from Greece, we saw that EU Parliament’s investigation of the financial crisis (CRIS), and the hearing Lessons from Greece (ECON/7/02578), lacked the resolve to address the Greece/Goldman secret loan that was allegedly…
Campaigners say promissory deal is not a real or just solution and reduces chances of write-down of Anglo debt
The ‘Anglo: Not Our Debt‘ Campaign has described the proposed deal on deferral of the €3.1 billion ‘promissory note’ payment due on 31st March as likely to create bigger debt problems for people in Ireland…
Goldman-Greece-Draghi
As Goldman Sachs struggles with the accusations of a disgruntled employee and new evidence comes to light about the secret loan(s) from Goldman Sachs to the Greek government we retrace the events of the Goldman-Greece-Draghi controversy….
Anglo Campaigners Appease the ECB Gods on Week of Equinox
On the week of the Equinox, community activists and residents from Dublin 7 and Dublin 12 have organised mock “equinox sacrifices” to “appease the ECB gods”. The campaign is calling for the Anglo “promissory note”…
Confronting the Sovereign Debt Crisis: Beyond the Cycle of Austerity and Debt
The recently signed fiscal compact is another indication of the way in which the European sovereign debt crisis is being framed. The European politics class, social as much as Christian democrats, believe that the dramatic…
‘Debt Ain’t No Way to Treat A Lady’ – Anglo: Not Our Debt article for Women’s Day
This post was written by Vicky Donnelly and originally posted on Contact.ie. “THERE MUST BE 50 WAYS TO LEAVE YOUR LENDER” On the occasion of International Women’s Day we ask – Is Ireland stuck in…
The Target of German Economists
Beyond any doubt, Hans-Werner Sinn is the most influential German economist. He exhibits a flawless, albeit conventional, curriculum. Revered by his dominantly priggish colleagues, he chairs Cesifo, a powerful group of research institutes in a…
Take Europe Back!
There was no need for Mario Draghi’s words to understand that the crisis has already reached an irreversible threshold in Europe. A crisis of “systemic dimensions” was what Jean-Claude Trichet said a couple of months…
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