Upcoming Events

National | EU

no events match your query!

New Events

National

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link Sanctioned by PayPal Thu Aug 04, 2022 21:31 | Anti-Empire

offsite link Spain Limits Heating to 19ºC, Cooling t... Tue Aug 02, 2022 11:39 | Associated Press

offsite link WHO Declares Monkeypox a “Global Healt... Sat Jul 23, 2022 21:01 | Apoorva Mandavilli

offsite link Zelensky Says Ukrainian KIA Down From Pe... Sat Jul 23, 2022 18:13 | Anti-Empire

offsite link German Health Ministry: 1 Severe Adverse... Sat Jul 23, 2022 11:25 | Matthew Roscoe

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link We will come after you! Message for the Ukronazi terrorists Sun Aug 14, 2022 04:51 | The Saker

offsite link What War, Mr. Kissinger? Sat Aug 13, 2022 22:27 | The Saker
Please visit Andrei?s website: https://smoothiex12.blogspo... and support him here: https://www.patreon.com/beP...

offsite link Guo Xi and the Great Emptiness ? in Times of the Collapse of the West Sat Aug 13, 2022 21:14 | The Saker
by Nora Hoppe and Tariq Marzbaan for the Saker blog Notes and reflections by Nora Hoppe and Tariq Marzbaan Foreword: This contribution does not intend to provide a profound analysis

offsite link A Tale of Two Cities Sat Aug 13, 2022 16:33 | The Saker
By Batiushka for The Saker (With Apologies to Charles Dickens) Moscow and Washington It was the best of times, it was the worst of times, it was the age of

offsite link Pushkin?s poem ?To the Slanderers of Russia? is read by Sergei Bezrukov Sat Aug 13, 2022 16:22 | The Saker

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Formal complaint against Robert Watt Anthony

offsite link RTE bias complaint Anthony

offsite link Fergus Finlay and the maternity hospital ‘gotcha’ trap Anthony

offsite link Irish Examiner and fake news Anthony

offsite link Labour Party: The unvarnished truth Anthony

Public Inquiry >>

Voltaire Network
Voltaire, international edition

offsite link Voltairenet.org is taking a hiatus Thu Jul 14, 2022 20:47 | en

offsite link Paradoxes of Russophobia Thu Jul 14, 2022 12:46 | en

offsite link EU-Russia agreement on supplying Kaliningrad Thu Jul 14, 2022 12:26 | en

offsite link Political destabilization plagues the West Thu Jul 14, 2022 05:40 | en

offsite link Ukraine destroys its Nova Kakhovka factory Wed Jul 13, 2022 07:53 | en

Voltaire Network >>

"The claim of a successful Irish programme is complete rubbish."

category national | eu | other press author Sunday December 15, 2013 22:52author by O. O'C. - The Peoples' Movement Report this post to the editors

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...

Related Link: http://www.people.ie/news/PN-95.pdf

 #   Title   Author   Date 
   The EU's fault or is this class war     Riarorr    Thu Dec 26, 2013 22:57 


 
© 2001-2022 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy