Economy- Page 6

The severe downturn in 2008-09 made the world economy into an experimental workshop. But neither extreme austerity or trillions to the banks has led to a solid recovery. Now there is growing concern among politicians and economists.

The release of the latest estimates from the Department of Finance in the Stability Programme Update illustrates in cold figures in whose interests austerity is being implemented. The figures prove that society and the economy are being destroyed so that the bondholders

The troika’s bail-out package is an economic and social disaster for the people of Cyprus. How was prosperity so suddenly transformed into penury?

A lot of ink has been spilt in the mainstream media, praising the role a free trade agreement between the EU and the US could play in pulling the two economies out of the crisis they are engulfed in. Richard Bruton outdid

In the first week of March share prices surged on the New York Stock Exchange followed by other major exchanges. Does this signify a revival of the global capitalist economy? The Financial Times was quick to note that "little of investors’ exuberance

Interview with Athina Kariati, New Internationalist Left (CWI in Cyprus). After months of ‘calm’ the capitalist debt crisis has resurfaced over the banking meltdown in Cyprus, sending financial markets into a spin. EU ministers and the newly elected right-wing Greek Cypriot president

It's now almost three years since European Commission President Barroso announced  "a silent revolution in terms of stronger economic governance by small steps". This has meant using the economic crisis to impose a model of authoritarian neo-liberalism in Europe.

Another year and another instalment in the Action Plan for Jobs from the government. After the self-proclaimed sensational success that was the 2012 action plan, with 92% of its targets being hit, unemployment still stands at over 14%. Self-congratulation is no congratulation.

Joan Burton’s announcement that a universal pension scheme will be established for private sector workers on the surface can be seen to be a step in dealing with the crisis many workers without pensions will face on retirement.

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.