Lurching into further crisis

national | anti-capitalism | other press Thursday September 23, 2010 15:12 by Anne Mc Shane

Ireland could be another Greece before the end of the year

Anne Mc Shane writes on the deepening Economic Crisis, Biffos travails, fightback and the need for a new Marxist Party. Full text at link.

Enormous instability remains the key feature of the political and economic situation in Ireland. The crackdown on public spending is far from over as the government continues to borrow billions from international lenders. A draconian budget is planned for December to compel the working class to pay off the enormous interest on national debt.

Political stability is key to carrying out the new tranche of cuts - which is why the recent shambolic performance of the Taoiseach Brian Cowen has caused such panic in government ranks. It has also stirred up deep anger and dissatisfaction among the population. Cowen took part in an early morning radio interview during the annual Fianna Fail ‘think in’ on September 14 - an event designed to boost morale before the Dail resumes. Barely able to string a sentence together, it soon became apparent to stunned listeners that the Taoiseach was actually drunk.