Tag Archives: International Monetary Fund

Olli Rehn Departs Reality Once Again

Posted on May 9, 2013 by

byDr. Constantin Gurdgiev If one needs an example of out-of-touch, reality-denying and self-satisfied EU Commissioner, travel no further than Olli Rehn. Here’s the latest instalment from Court’s Favourite Entertainer of Things Surreal: http://europa.eu/rapid/press-release_SPEECH-13-394_en.htm The speech focuses on what went wrong … Continue reading →

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El Pais Article Discusses “Liberating Spain from Shackles of the Euro”

Posted on April 28, 2013 by

By Michael Shedlock Today Spain has reached a record number of unemployed. Although we do not  like the current state of things, no one seems to know against whom to  direct their anger. Actually, we are under a dictatorship perhaps  … Continue reading →

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Decomposition of Irish GDP & Gross Operating Surplus: 2012

Posted on April 19, 2013 by

Recent CSO data release shows decomposition of 2012 Irish GDP and Gross Operating Surplus (defined as GDP less taxes and compensation of employees, plus subsidies). Here are annual dynamics Households’ contribution in 2012 to the GDP rose 5.66% y/y and … Continue reading →

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The Ongoing Death of the Euro: 1929 in Slow Motion 2

Posted on April 4, 2013 by

By Christopher Quigley 04/02/2013 It is hard I am sure for Americans to fully comprehend the disaster that played out in the recent Cypriot Euro debacle. To get a feel for the panic that was swirling about in Europe the … Continue reading →

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Irish Labour ministers resort to bare-faced lies on national finances

Posted on December 3, 2012 by

By Namawinelake “ I want to tell you Claire that that is a lie, and it should be nailed once and for all, now over to Stephen and he is an independent journalist, that isn’t true. The Shinners, the Shinners … Continue reading →

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Austerity isn’t working………………………

Posted on November 29, 2012 by

By Dan O’Brien  (Irish Times) With yet another painful budget in the offing, now is a good time to revisit the austerity debate. Last April, I wondered why so many people take such strong positions on the matter. There is … Continue reading →

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Greece is the word if you want to know where we go from here

Posted on November 29, 2012 by

By David Mc Williams Greece has defaulted again, and the financial markets have shrugged their shoulders. The euro remained unchanged versus the dollar. The Greek stock market even rallied. What does this tell us? It tells us that, as this … Continue reading →

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Two weeks before new property tax is announced

Posted on November 19, 2012 by

By Namawinelake The IMF thinks it should be levied at yearly 0.5% of a home’s market value, Minister for Finance Michael Noonan indicated that it will be closer to 0.25% and because the IMF was using out-of-date figures for local authority rates … Continue reading →

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Ireland will enter a less invasive programme in 2014?????? (Bulls***)

Posted on October 28, 2012 by

A former deputy director of the IMF has warned that it’s unlikely Ireland will be in a fit state to exit it’s bailout programme next year.His comments completely contradict suggestions made by the Social Protection Minister Joan Burton who said … Continue reading →

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Waking up to reality

Posted on October 17, 2012 by

By David Mc Williams This brilliant quote from economist JK Galbraith just about sums up why individuals and organisations tend to stick to plan A when the evidence suggests that Plan A isn’t working. No one likes to be proved wrong but, ultimately, … Continue reading →

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