News & Analysis

Cynical betrayal of Irish people

Opening today’s press conference Cllr Clare Daly, Socialist Party and ULA candidate for Dublin North said:

“Fine Gael and the Labour Party correctly say that the Fianna Fail minority government,  
a) doesn't have the confidence of the Dail;   
b) has a Taoiseach who doesn't have the confidence of his own party;
c) is so utterly discredited that the General Election must be brought forward.

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Quantitative easing: Plan B – will it work?

In a desperate move to boost US growth, the Federal Reserve has launched QE2, a second round of quantitative easing. Its main effect will be to devalue the dollar, an attempt to boost its exports at the expense of its rivals, particularly China. This unilateral action by US imperialism can only intensify the currency wars and trade conflicts. socialistparty.net reports.

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Northern Ireland: Assembly parties agree on CUTS, CUTS, CUTS

The cuts are coming – and the parties in the Assembly are not standing in their way – they have agreed that they will implement them, not oppose them. One after another, all the parties in the Assembly Executive are queueing up to identify where cuts can be made – cut education spending, privatise the Housing Executive, close hospitals, sell off Belfast Harbour, increase household rates for ordinary workers, cut civil service workers pay, introduce water charges…

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Oppose the IMF/EU backed attacks

Sunday 21 November, the day the Irish government formally applied for a bailout to the EU and IMF, should be marked as the day that the Irish capitalist class were exposed as a rotten, despicable failure, bankrupt in every sense and incapable of offering any way forward. The significance of these developments cannot be overstated; they are a turning point in Irish history and will impact on other countries in Europe and the EU itself.

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Austerity will fail

The Government and opposition parties have signed up to reducing the budget deficit to 3% by 2014. The government has now settled on the figure of €15 billion in cuts over the course of four years in order to achieve this stated goal.

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