On Friday 31 August Clare Daly TD handed in a letter of resignation to the Socialist Party. We feel obliged to give notice of this development and to offer some initial comments.
"The protesters in Athens can riot all they want, but they cannot alter the fundamental economic fact of their country - it is busted, mainly because it has been consuming more than it produces for many years. Even a socialist revolution... would not change that reality." (Sean O’Grady, economics editor of the Independent)
Simply put, the IMF, EU Commission and ECB are in Dublin today to carry out the dictats of the economic vampires in the Financial Markets. These faceless, unelected and unaccountable speculators seeking mega profits on the backs of working people have orchestrated the current crisis to force a bail out which secures their bad gambling debts.