The Eurozone is at a tipping point. EU leaders are in disarray and have no clear strategy for resolving the crisis. Fragmentation of the Eurozone could trigger another deep financial crisis and global economic downturn. socialistparty.net analyses the crisis.
According to some Greek protesters Ireland is not like Greece - one banner on a demonstration read, “This is not Ireland, we will fight”. Finance Minister, Brian Lenihan, says the same but from a different stand point. He keeps repeating that Ireland is not like Greece in the hope that such an economic collapse won't happen here, precisely because he is afraid of a similar revolt of the Irish working class.
By Paul Murphy
WHILE THE government puts the boot into ordinary people in another vicious budget, the giveaway of billions of euro of gas continues.
Figures from the Department of Communications, Energy and Natural resources suggest that around €540 billion of our natural resources will be given away to multinational companies over the coming years. This is because deals worked out in the 1980s and ‘90s between multinational oil companies and ministers in Haughey’s government are now being implemented by Fianna Fail and the Greens.
