Economy

Bailout ‘exit’: a return to sovereignty or Troika rule by another name?

With the government preparing to milk the 15 December 'exit' from the bailout, hyperbole is being heaped upon hyperbole to welcome the 'return of sovereignty' to Ireland. The government, and in particular the Labour Party, want to use this supposed success story and the good mood it creates to carry them through the difficult local and European elections next May. What is the reality of this 'exit' and the true state of democratic control by people in Ireland over economic and other policies?

The PDF of this paper can be downloaded and printed here.

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Southern Irish economy – analysis & perspectives

Caution is necessary when investigating figures for the economic situation in Ireland. There are economic vested interests at work that benefit from spinning every scrap of positive news. The media fully assist this and try to manufacture a mood or belief that substantial progress is just around the corner. So as well as trying to identify perspectives, it is necessary to take up the arguments and the propaganda that is being put forward constantly.

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Mortgage write-downs, not repossessions

Recent Central Bank figures on mortgage arrears reveal an enormous crisis brewing. With all of the focus on the hundreds of austerity measures this government are implementing, the relentless rise in mortgage arrears numbers has, so far, not gotten the attention it deserves.

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Budget 2014 – The socialist approach

Introduction

The crisis faced by working people, the unemployed, students and pensioners in Ireland is a crisis of capitalism. While the crash in Ireland has had its own special features related to the property bubble and an historic over reliance on Foreign Direct Investment, this should not obscure the fact that capitalism, a system based on private ownership of key sections of the economy as well as economic activity being geared towards profit and not need and the absence of rational planning of resources, is a crisis prone system that has to be replaced.

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End the mortgage nightmare

The tragic death by suicide of former Priory Hall resident Fiachra Daly has put the exploding mortgage crisis centre stage. The brave decision by his partner Stephanie Meehan go public at this difficult time for her family has put the human face to the tragedy of this financial meltdown.

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