Worker & Community Struggles and Protests Madrid Police "Dumbfounded" After Amazon Called The Cops On Striking Workers 22:31 Nov 27 0 comments George Soros’ Open Society Foundation unmasked in a major leak 22:31 Aug 24 1 comments Shell in court over major Corrib gas refinery flaring events. 23:32 Jul 28 0 comments Eddie Hobbs: Largest act of larceny against Irish people 23:22 Jun 02 0 comments CHASE Fundraising Events Calendar for June 23:10 Jun 01 0 comments more >>Blog Feeds
Anti-EmpireThe Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire UK Sending Missiles to Be Fired Into Rus... Tue May 07, 2024 14:17 | Marko Marjanović US Gives Weapons to Taiwan for Free, The... Fri May 03, 2024 03:55 | Anti-Empire Russia Has 17 Percent More Defense Jobs ... Tue Apr 30, 2024 11:56 | Marko Marjanović
The SakerA bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Lockdown Skeptics
News Round-Up Wed Jul 24, 2024 01:01 | Richard Eldred
Porsche Scraps Electric Car Targets as Demand Slumps Tue Jul 23, 2024 19:43 | Will Jones
?Mission-Driven? Government is the Antithesis of Liberty Tue Jul 23, 2024 17:30 | Dr David McGrogan
Victory! Hospitals That Brought Back Mask Mandates Backtrack After Complaints Tue Jul 23, 2024 15:30 | Dr Gary Sidley
Read it and Weep: The BBC Journalists Taking Home Six Figure Salaries Courtesy of the Licence Fee Pa... Tue Jul 23, 2024 13:45 | Will Jones
Voltaire NetworkVoltaire, international editionNetanyahu soon to appear before the US Congress? It will be decisive for the suc... Thu Jul 04, 2024 04:44 | en Voltaire, International Newsletter N°93 Fri Jun 28, 2024 14:49 | en Will Israel succeed in attacking Lebanon and pushing the United States to nuke I... Fri Jun 28, 2024 14:40 | en Will Netanyahu launch tactical nuclear bombs (sic) against Hezbollah, with US su... Thu Jun 27, 2024 12:09 | en Will Israel provoke a cataclysm?, by Thierry Meyssan Tue Jun 25, 2024 06:59 | en |
The Irish Bubble
national |
worker & community struggles and protests |
opinion/analysis
Friday December 17, 2010 10:22 by Paddy Hackett maxanger at live dot ie
Concerning the “deal between the Irish Government and the ECB/EU/IMF troika” Constantin Gurdgiev argues in the Sunday Independent, December 5th 2010, that far “from providing a resolution to Ireland’s financial and fiscal crises, it made the restructuring of our banks’ debt inevitable, Concerning the “deal between the Irish Government and the ECB/EU/IMF troika” Constantin Gurdgiev argues in the Sunday Independent, December 5th 2010, that far “from providing a resolution to Ireland’s financial and fiscal crises, it made the restructuring of our banks’ debt inevitable, no matter what the conditions underlying the deal says.” Gurdgiev has been one of the those analysts stridently calling for a large and significant part of the total surplus value owed by the Irish state and banks to be transferred abroad. There appear to be at at least three kinds of economic commentator occupying the public stage in Ireland at the moment. |
View Comments Titles Only
save preference
Comments (4 of 4)
Jump To Comment: 1 2 3 4I'm not sure how bourgeois I am, by your standards, but the system will have to to print money or we will default.
The hot news this Monday morning is that the ECB doesn't like the Banks Bill. How could that happen? It is published, it passes thru both houses of the Dail, McAleese considers referring it to the supreme court, and then - days later! - the ECB says it has "serious concerns" about it.
Hi Blazes
Printing money and defaulting mean, give or take, the same thing.
never mind the re-brand. Thats a bit like spending 7mn to give the ESB a makeover rename to get it more market-ready, just the first tranche in the evisceration.
They 'have serious concerns' that democratic accountability might interfere with the 'efficient workings of the market'.The ECB will serve the reich's project, which meshes currently with the Project for an American Century and under the NATO/UN brolly is consolidating the Euro/US imperial grip on the planet and its resources(who was it again, warned of the coming 'resource wars of the twenty-first century?'),pole to pole.
Back at the ranch, and McAleese convening the Council of State to consult on the constitutional ramifications:
Given that Brian Cowen was appointed by the tribunal-posse dodger Bertie when the kitchen started to fill with smoke, and that the government has a rating comparable to the thermometer readings at midnight in Birr, surely if she was covering her responsibility to PRESIDE over the democratic workings of our institutions, she should have called this council to consider the necessity for a general election BEFORE the recent budget, given the long-term consequences?Cowen&FFInc HAVE NO FUCKING MANDATE for this stitch-up. We're being ECB/IMFed on fast-track.
Banks will scratch banks' backs. Till they get the chance to swallow each other profitably.
Its the subversion of our corrupted representatives we need to rectify if we are to have other than cosmetic regulation of the 'invisible hand' of sub-prime bondage.
But, Paddy being Paddy, we'll probably buy the cosmetics. It seems, like kerrygold, to be 'part of what we are'. Sub-Prime patsies.
She is the appointee of the political class, last time around, and no doubt wants to leave smelling of roses. This little drama will be the visible test of how unsovereign the state has become; no room for PR / spin / optics this time.