Tag: Debt

Economics Irish Style

(Originally Published on Indymedia.ie in November 2010)

The last week will be remembered in Ireland as one of the most tumultuous periods in Irish history. We are hurtling downwards at an ever increasing speed. Future generations of Irish people are to be burdened with the debt of the bankers and the entire Irish banking industry. What was once unthinkable is now likely to pass and all of this is down to the actions of the government and their friends. In the two years since the banking guarantee was enacted, there have been no major steps taken to sort out the financial mess that the banks have gotten the country into and now that problem is having its final and fatal effects on the future of the country; a political party with no mandate from the people is in the process of turning Ireland into a debt serving nation and nothing more. The leader of said party is doing nothing more than cling onto power for as long as he can in order to serve out his own agenda, whatever that may be, and no “hair shirt budget” is going to change the fact that Ireland is both an economic and political basket case.

The Sale of Ireland

(Originally Published on Corkstudentnews.com in October 2010)

The next month is make or break time for Ireland; most likely break. We are on the verge of the harshest budget in the history of the state. This is the first of a “four year plan” in order to get the country’s finances back into shape and back on track. The problem is that the government plan won’t work and they most likely know it won’t work. What will happen is that the country is going to be dead in the water for the next decade or more. If you can imagine all of the horror stories of emigration, mass unemployment and general stagnation from the fifties and eighties, then you might come close to what is going to happen in Ireland. All of this is being done in order to keep the status quo in power; the “haves” versus the “have nots”, and next month is when we will finally know just how far the government will go in order to save themselves and their friends by selling us and the entire country down the drain.