News & Analysis- Page 146

With interest rates on Irish bonds hovering around 7%, it is clear that financial markets are increasingly pricing in a high chance of Ireland "going bust". In this article, socialistparty.net traces the prospects for Irish state insolvency, the deepening economic crisis and

Warnings of a currency war dominated the summit of the International Monetary Fund and the World Bank in Washington this weekend. The cooperation between global politicians, like when the economy plummeted in 2008, is dissolving. Many governments are devaluing their currencies in

Towards a 24 hour all-European general strike! Following the initiative of Joe Higgins and the other left Members of the European Parliament to organise a European Week of Action in June against the cuts and bank bailouts, the idea of the need

UCD economist, Morgan Kelly, was pilloried by the establishment back in May when he said it was no longer a case of whether Ireland would go bankrupt but when.

Who do you think was the biggest loss making financial institution in the world last year? Lehman Brothers? AIG? Citibank? No, it was not a major bank in a major world economy - it was a relatively small developers' bank in Ireland

The decision of the rating agency, Standard and Poor’s, to downgrade the credit rating of Ireland from AA to AA- was met with hypocritical gnashing of teeth by Irish establishment figures. The National Treasury Management Agency rushed to criticise S&P, saying that