Do not be conned by the promissory note deal. It represents no benefit to the ordinary people of this State; not in the short, medium or long-term. The deferral of this payment until next year is simply kicking the problem can further down the road.
Interview with Athina Kariati, New Internationalist Left (CWI in Cyprus). After months of ‘calm’ the capitalist debt crisis has resurfaced over the banking meltdown in Cyprus, sending financial markets into a spin. EU ministers and the newly elected right-wing Greek Cypriot president have demanded that small savers, ie Cypriot workers, pay €billions for a banking bailout.
Ireland's corporation tax rate of 12.5% is a subsidy worth billions enjoyed by multinationals and Irish big business. Time again, the capitalist media and political establishment tell us that this is a sacred cow for the Irish economy and must be preserved at all costs.