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France Rises Up Against the New Fascism - Vaccine Passports 23:57 Jul 21 3 comments

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The Saker

A bird's eye view of the vineyard

Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

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Dear friends As I have previously announced, we are now “freezing” the blog. We are also making archives of the blog available for free download in various formats (see below).

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by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

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Human Rights in Ireland

Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

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Eddie Hobbs Breaks the Silence Exposing the Hidden Agenda Behind the WHO Treaty Sat May 11, 2024 22:41 | indy

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Lockdown Skeptics

Labour?s VAT Plan for Private Schools Flunks Revenue Test Sun Jul 28, 2024 19:00 | Richard Eldred
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The post Labour?s VAT Plan for Private Schools Flunks Revenue Test appeared first on The Daily Sceptic.

Far-Left Group Claim Responsibility for Paris Arson Attacks Sun Jul 28, 2024 17:00 | Richard Eldred
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DESNZ Has Net Zero Competence Sun Jul 28, 2024 15:00 | David Turver
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Hate Cleric Raises £3 Million to Create Islamic Homeland on Scottish Island Sun Jul 28, 2024 13:01 | Richard Eldred
A radical cleric has raised over £3 million to transform a remote Scottish island into a self-governing Islamic state with its own army, justice system, school and hospital.
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Why I Fear What Labour Will Do to the Education System Sun Jul 28, 2024 11:00 | Stephen Curran
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The post Why I Fear What Labour Will Do to the Education System appeared first on The Daily Sceptic.

Lockdown Skeptics >>

The deepening crisis of the Irish economy

national | anti-capitalism | other press

Thursday May 14, 2009 19:00

by Socialism or Barbarism

socialismorb at gmail dot com

Report this post to the editors

Article reviewing impact of bank bailout from a marxist perspective.

In this latest post on the Irish economic crisis, Socialism or Barbarism analyses the extent of the impact of the bank bailout and the recession in the real economy and what it will likely mean for the working class.

The Bailout

All the mainstream political parties agreed on the necessity of the bank bail-out package - some wholeheartedly some by using the Thatcherite injunction 'TINA: There Is No Alternative'. In making this decision, the Irish political class collectively signed the Irish taxpayer to cover liabilities of value approximately €440bn (figure supplied by the Financial Times, January 17 2009). This decision represented the greatest transfer of wealth from the working class and petty-bourgeoisie to the nexus of super-wealthy property tycoons and their political friends since the inception of the state itself in 1923.

It remains to be seen whether a run on the banks will expose the full extent of the government's bluff but, irrespective, the losses which the Government have signed up to covering continue to rise. Initially in December 2008 the bailout was quantified at €10bn then, according to Standard and Poors Rating agency it was €20bn in March 2009, then the IMF estimated the exposure to be €24bn in May 2009. In truth, no-one can be sure just how much this is going to cost. Given the scale of the collapse in housing market and the overall value of the sector, it would seem likely that these figures represent gross underestimates of liability.

full at: http://revolutionaryireland.blogspot.com/2009/05/deepen....html

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