The Socialist Party’s budget statement can be read and downloaded here.
Or to download it as a PDF, click here.
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Fear of recession in the US, its credit rating downgrade and political dysfunction, not to mention the ongoing eurozone crisis, Japanese stagnation and slowdown in China, have all led to convulsions on world stock markets. socialistparty.net reports.
Irish recession – Is the worst over? Part 2: Debt, unemployment and exports
In Part two of a three part article on the Irish economy, Paul Murphy looks at some of the factors depressing the domestic economy, focusing on debt and unemployment, as well as analysing whether the government's export focused strategy can be successful.
NAMA – Multi-billion corporate welfare
ON 16 September Fianna Fail’s Brian Lenihan is set to tell the Dail the price he intends to pay for the banks’ toxic loans. The figure is expected to be more than €50 billion. It could be as high as €70 billion.
This is a truly monumental bailout for the banks. The NAMA bailout is likely to be more than ten times the size of the entire “menu” of cuts proposed by An Bord Snip.
Election in January? Don’t wait – sack this government now!
The cynical posturing of the Green Party in calling for a January General Election for ´the good of the country´ will not save it from annihilation when the Irish people go to vote.
