Enda Kenny again proved how incapable he is to run the country by stating, in the Dáil yesterday, that Irish banks held €7 billion in Greek bonds, a figure that would have had huge implications for their tier one capital requirements as well as for the cost of Irish borrowing, when the actual figure was […]
Archive | April, 2010
Enda Kenny – Dangerous and Unsuitable for Office
Posted on 29/04/2010.
Posted in Economics, National0 Comments
Pat Cahill, ASTI & "Bailing out the banks"
Posted on 24/04/2010.
Pat Cahill is conveniently ignoring his own union’s past. In 2001 the ASTI rejected the labour court’s recommendations and instead decided to strike in support of their demand for a massive 30% pay rise. Such action directly contributed to the economic situation this country now finds itself in. This fact needs to be taken on […]
Posted in Economics, National0 Comments
Labour's Gilmore to take from the poor in order to bribe the rich
Posted on 18/04/2010.
Eamon Gilmore stated on The Panel (5th November 2009) that he would stop paying welfare recipients, his exact words being “there is a requirement to get any dole payment that you have to be available for work or available for education or whatever, and if someone doesn’t comply with that you don’t pay them”. Gilmore’s […]
Posted in Economics, National0 Comments
NAMA
Posted on 17/04/2010.
Bear in mind, the money to fund NAMA has been loaned not by bondholders, but by the ECB, at almost no interest and on a one-off basis for the specific purpose. We wouldn’t have been permitted the funding for any other reason, the international markets wouldn’t have given it to us, and, if NAMA and […]
Posted in Economics0 Comments
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