Ann Orr writes about the increasing problem of mortgage defaults : In December 26,271 mortgage holders were behind in their mortgage re-payments due to the dramatic increase in unemployment. And Michael Murphy writes about the government's plans for another bank bailout.
2013 has started with the government and the capitalist media going on a propaganda offensive to give the impression that there is a real recovery in the Irish economy.
Despite government spin there is no momentum behind economic growth – austerity is failing working people. The CSO this week released the latest live register figures that showed a marginal drop in unemployment.
According to the Minister for Finance Michael Noonan the IMF and the EU are set to make €9 billion profit from Ireland’s bailout. Not content with heaping misery upon millions of working class people, the European Union mandarins want to make money out of it.