By Paul Murphy
JANUARY 2009 saw the worst ever increase in unemployment. Those signing on to the live register rose by 36,500 to a total of 327,900. Brian Cowen has admitted that unemployment could reach 400,000 by the end of the year, but if it continues at that rate it could pass the half a million mark by the end of 2009.
Mortgages should be immediately re-assessed and reduced. Commenting on the “Negative equity in the Irish Housing Market” report from the ESRI, Joe Higgins MEP said...
At the end of March the Fine Gael/Labour Government announced a €24 billion bailout for Ireland's four remaining banks. In so doing, the government indicated that their banking policy is a mere carbon copy of that previously pursued by Fianna Fail and the Green Party. Here, socialistparty.net, looks at the very real prospect for default which haunts the establishment.
