Economy- Page 7

Almost one in four young people in the European Union are currently unemployed. In Greece this figure hits 57%, in Spain 56%, in Ireland it is 29%. In total 5.5 million young people are unemployed across Europe and emigration is rife, with

The disgracefully nominal amounts of corporation tax being paid by some of the largest multinationals (MNCs) based in Ireland have come to the forefront of the news in recent months. The right-wing rag The Irish Independent even has had to adopt headlines

December's budget will see an unleashing of new assaults on public services and living conditions for working class people, writes Paul Murphy MEP. The government and the Labour Party in particular, will declare that unfortunately, there was no other choice. This is

Recently engaged in a round of backslapping, the leaders of Europe suggested that we were turning the corner out of the crisis. In Ireland despite all the evidence to the contrary, the government is still trying to talk up the prospect of

If you were still maintaining “hope” that the economic crisis will soon abate the additional €3.5 billion in austerity at the next Budget will result in potentially another 30,000 job losses according to the Nevin Institute.

Rather than being part of the solution to mass unemployment, JobBridge is part of the problem.

A sum of money the size of the US and Japanese Gross Domestic Product (GDP) together is being held in offshore tax havens. This enormous hoard could immediately pay off most of the deficits and debt that are being used to justify

The latest Irish League of Credit Unions “What’s Left” income survey shows deterioration in disposable income and an increased reliance on borrowing to make ends meet. The survey exposes the failing austerity policies that are hitting the incomes and quality of life

Capitalist leaders are in disarray as they strive and fail to get to grips with the eurozone crisis and its threat to the global economy. Neither the G20 summit in Mexico, nor crisis talks in Rome offered any solutions, as politicians and

Big corporations are accumulating massive cash hoards. Despite record profits, there is a dearth of investment in production. Corporate surpluses, moreover, are linked to public-sector deficits. Cash hoarders should be subject to an immediate levy on idle capital to finance public works