Upcoming Events

International | Anti-Capitalism

no events match your query!

New Events

International

no events posted in last week

Blog Feeds

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

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.

offsite link Julian Assange is finally free ! Tue Jun 25, 2024 21:11 | indy

offsite link Stand With Palestine: Workplace Day of Action on Naksa Day Thu May 30, 2024 21:55 | indy

offsite link It is Chemtrails Month and Time to Visit this Topic Thu May 30, 2024 00:01 | indy

offsite link Hamburg 14.05. "Rote" Flora Reoccupied By Internationalists Wed May 15, 2024 15:49 | Internationalist left

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

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link In the Latest Weekly Sceptic, Nick Dixon and Toby Young Talk About the Olympic Opening Ceremony, Big... Wed Jul 31, 2024 07:00 | Toby Young
In the latest Weekly Sceptic, the talking points are the Olympic opening ceremony, Big Tech's efforts to memory-hole the Trump assassination attempt and Suella Braverman's withdrawal from the Tory leadership race.
The post In the Latest Weekly Sceptic, Nick Dixon and Toby Young Talk About the Olympic Opening Ceremony, Big Tech?s Memory-Holing of the Trump Assassination Attempt and Suella?s Withdrawal appeared first on The Daily Sceptic.

offsite link News Round-Up Wed Jul 31, 2024 01:30 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Biden Proposes Sweeping Supreme Court Reforms as He Attacks ?Extreme? Judges Tue Jul 30, 2024 19:00 | Will Jones
Joe Biden has proposed sweeping reforms to the U.S. Supreme Court accusing it of making "dangerous and extreme decisions" and losing the public?s trust.
The post Biden Proposes Sweeping Supreme Court Reforms as He Attacks “Extreme” Judges appeared first on The Daily Sceptic.

offsite link Reeves Scraps Winter Fuel Payments for 10 Million Pensioners to Fund Public Sector Wage Rise Tue Jul 30, 2024 17:00 | Will Jones
Rachel Reeves is to scrap winter fuel payments for 10 million pensioners and ditch a cap on social care costs to fund a public sector wage rise, it has been announced.
The post Reeves Scraps Winter Fuel Payments for 10 Million Pensioners to Fund Public Sector Wage Rise appeared first on The Daily Sceptic.

offsite link A Summary of Why the Czech Republic Vaccine Data are So Devastating to the ?Safe and Effective? Narr... Tue Jul 30, 2024 15:00 | Will Jones
The Czech Republic record-level vaccine data are devastating to the "safe and effective" narrative, says Steve Kirsch, as he provides a new overview that explains why.
The post A Summary of Why the Czech Republic Vaccine Data are So Devastating to the “Safe and Effective” Narrative appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Netanyahu soon to appear before the US Congress? It will be decisive for the suc... Thu Jul 04, 2024 04:44 | en

offsite link Voltaire, International Newsletter N°93 Fri Jun 28, 2024 14:49 | en

offsite link Will Israel succeed in attacking Lebanon and pushing the United States to nuke I... Fri Jun 28, 2024 14:40 | en

offsite link Will Netanyahu launch tactical nuclear bombs (sic) against Hezbollah, with US su... Thu Jun 27, 2024 12:09 | en

offsite link Will Israel provoke a cataclysm?, by Thierry Meyssan Tue Jun 25, 2024 06:59 | en

Voltaire Network >>

International - Event Notice
Thursday January 01 1970

TRALEE Public Meeting: 'The Global Bank Crisis'

category international | anti-capitalism | event notice author Thursday October 02, 2008 22:41author by sean moraghan - swpauthor email earthsoulrocknroll at gmail dot com Report this post to the editors

Kieran Allen will explain 'What's behind the Global Bank Crisis' at a Public Meeting in Tralee, hosted by the SWP

Venue: Grand Hotel, Tralee
Date: Thursday 9th Oct @ 8pm

Irish banks have displayed a fanatical enthusiasm to stoke up a speculative bubble in the property market. Without their enthusiastic opening of credit lines, there could not have been a property bubble. Their desire for ever more profits meant that Ireland became debt economy that is now threatened with a crash. The personal debt to disposable income ratio has shot up from 48 in 1995 to 113 percent in 2004, mainly because of the greed of Irish banks.

The result is that Irish banks must now have a mountain of bad debt. Nearly 30% of their loans are to builders and developers, amounting to a total exposure of e105 billion.

A further indication of the level of potential bad debt is that insurance is now costing Irish owned banks nearly ten times as much as it was costing a year ago. Last year, banks paid out 30c to insure every e100 borrowed but now it has risen to between .50 and e3.50.

The Irish government's bail-out is proportionately bigger than Henry Paulson’s proposed bail-out of the US scheme for mortgage-based assets. No figures have been produced for how much it might cost us. Elected representatives will have no say on what charge the banks will pay for this extraordinary guarantee but the power will be vested in a Central Banks that have allowed banks to build up this risk.

The Irish banks have traditionally made large donations to the political elite - and
we are now facing pay back time.

The costs for this fiasco, however, will be borne by the poor who will be deprived of public services as taxpayers money is used to salvage the risk.

--- Hear more from Kieran Allen at the Public Meeting, presented by Tralee branch Socialist Workers Party
--- All Welcome!

Related Link: http://www.swp.ie
© 2001-2024 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy