Wednesday, Feb 8th 2012
Eurozone in Crisis: Reform of Exit?| Audio from RMF Roundtable Discussion
Since the start of 2010, the Eurozone crisis has become progressively deeper, threatening the existence of the euro as well as the coherence of the European Union. Imposing harsh austerity measures is not the only way to solve the crisis; in fact, it is the [...]
David Harvey | Guardian Business Podcast
David Harvey on the Guardian Business podcast talking about his new book The Enigma of Capital, crisis within capitalism and other things such as the current debt crisis in Europe, the economic powerhouse of China, the inability of Obama and the Democrats to challenge the “Party of Wall Street”, the [...]
Dean Baker | The European Central Bank Is Strangling the Eurozone
Dean Baker in his Beat the Press blog on the ECB’s failure not only in the Greek Debt Crisis, but also it’s superstitious economic policy which will cause more problems for the Eurozone, principally countries like Spain, and Ireland.
It would have been helpful to point [...]
An economy relying on consumer spending to drive a recovery is an economy that will be eventually be disappointed. Not that consumption cannot play a vital role. Indeed, businesses dependent on domestic demand need a robust level of spending to survive and expand, invest and employ. But it must always be placed in context. For [...]
One of the things that is regularly repeated now when the current financial crisis in Ireland is being discussed is the ideological stupidity of the Fianna Fail/PD government during the “Celtic Tiger” years. Fintan O’Toole in his book Ship of Fools, provides some background to why there was a serious uplift in the economy in [...]
The Government insisted on inserting the following phrase into the proposed public sector pay deal:
‘The implementation of this Agreement is subject to no currently unforeseen budgetary deterioration.’
Now the Government is busily rewriting this. Apparently, the agreement is no longer subject to currently unforeseen budgetary deterioration. Indeed, to even refer to the Government’s clause is [...]
[Speech by Arthur Morgan TD, Sinn Féin's Finance Spokesperson delivered in the Dail yesterday in response to Minister Lenihan's announcement of the recapitalisation details following the beginning of the process to move the loans to NAMA]
You do not have the authority to implement a bank bailout of this scale. Your government is at record lows [...]
Last week’s podcast from Doug Henwood’s Behind the News (embedded below) is definitely worth listening to. The entire show is dedicated to a discussion of the financial crisis with the political economists Greg Albo, Sam Gindin and Leo Panitch who are the co-authors of a new book In and Out of Crisis: The Global Financial [...]
Michael Burke and Michael Taft have a post on Progressive Economy which estimates the deflationary impact of cuts in government spending up to 2014 and examines how much the cuts will actually reduce our borrowing requirement and ultimately our deficit, which after all is what they are being put in place to achieve.
Using the ERSI’s [...]
Government lies and myths cloud attacks on social welfare
Tune into Pat Kenny, Live at 5, or any other formulaic RTÉ current affairs programme these days and chances are you’ll come across a panel of ‘experts’ debating the social welfare dilemma. It’s no coincidence that, two years into a recession, with unemployment and a deficit still [...]
