Economy

Threat of redundancies by Eircom must be fought

"The news of Eircom's owners' intention to shed at least a further 1,300 jobs on top of the similar amount of voluntary redundancies it has already sought and almost achieved shatters the government guff that we are embarking on an economic recovery".

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Ireland & the EU: Austerity programmes provoke general strikes and struggles

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.

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Government’s strategy for growth – can it work?

Parts one and two of this article have explained the chronic nature of the capitalist crisis in Ireland. Part three will first of all investigate the rhetoric underlining a crucial part of the government’s strategy for recovery before analysing the consequences of the crisis for the workers' movement.

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New economic data shows – Recession no end in sight

Recently released economic figures have given lie to the idea that Ireland is in the midst of an economic recovery and that the recession is over! Minister for Finance, Brian Lenihan and the government emphasised this so called recovery to sell the harsh December budget. The theory went that if we pulled up our socks now and took our medicine, it will all be over soon, he was lying and now the reality is hitting home.

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Bank bailout – Giving away your future

“It's the classic fairytale gone bad. A brave little country was given three wishes: low interest rates, high wages and billions in multinational investment. For a brief moment in time, for the first time in its history, Ireland was wealthy and had the respect of the world. Then it threw it all away. And that’s why they call it Namageddon.” - The Wall Street Journal.

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Irish recession – Is the worst over?

Brian Lenihan introduced the budget for 2010 with the statement that “the worst is over”. This astounding declaration was accompanied by rising unemployment, attacks on public and private sector wages, and the admission that the savagery of the 2010 budget will be matched in 2011 and 2012. There is no question that for working people, the worst is far from over. Part One of a three part article.

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The socialist alternative to the crisis

WE ALL have to share the pain” has become the mantra of the entire establishment, from right-wing economists and political parties to much of the trade union leadership, as working class people are made to suffer to protect the profits and power of the bosses. This article critiques this orthodoxy and argues that socialist policies offer the only alternative to the vicious attacks of capitalism.

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