Tag Archives | Economy

Anti- austerity arguments are not limited to Sinn Fein, but a proper debate about the real impact of cuts is needed.

Anxiety and anger over budget plans including welfare cuts continue on both sides of the water. Amid the attacks on George Osborne for “ Tory austerity” in his  plans to cut public  spending  by a further £20 billion or 40% for unprotected  areas, a rough comparison of public spending as a share of GDP  suggests more…

“Still, there are words for the sort of reception meted out, and the most polite are ‘low’ and ‘key’.”

Meanwhile, back at the ranch… or, rather, as far away from the ranch as you can reasonably get…  For the benefit of those concerned about accountability and the democratic process…  Liam Clarke has some points to make about Northern Ireland Secretary of State, Theresa Villiers, and the Northern Ireland deputy First Minister Sinn Féin MLA Martin McGuinness’ recent, more…

Reality checks of north-south comparisons should be welcomed

This piece by Aaron McKenna , businessman and columnist in the Journal.ie is not holy writ but it does make some interesting north-south comparisons. The UK government spends 24% more per head in Northern Ireland than it does in England, some £10,876 for every person in the province. If we got Northern Ireland tomorrow, that more…

“future banknote designs, starting with the new polymer £5 note, will explicitly represent all four nations of the UK.”

As mentioned in this BBC report focused on the first Bank of England polymer banknote – a £5 note featuring Sir Winston Churchill which will be issued in 2016. Banknotes will feature images from all four nations of the UK starting with the new £5 note entering circulation in 2016. [Timing, eh? – Ed]  Eh?  more…

The welfare crisis deepens. The DUP are making common cause with Sinn Fein over George Osborne’s cuts

The Guardian’s Politics Live feature reports an analysis of the impact of the Welfare Reform and Work Bill on the working poor.  Read across locally, it has the effect of adding the DUP’s opposition to the UK’s government’s budget strategy  to Sinn Fein’s, albeit on more limited grounds. The analysis was made by the highly reputable, unbiased more…

After Greece – where now for Cameron’s negotiating?

David & Donld

Donald Tusk has improved his English lately, which may have something to do with his employing of an Ulster-born speech-writer. The former Prime Minister of Poland took-over from Herman “damp-rag” Van Rompuy as the President of the Council of the EU last year, this was the job once sought by Tony Blair, but no British more…

Greek deal: This Is NOT a Coup

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Whether the Syriza-led government of Greece survives its own domestic democratic pressures remains to be seen following the deal struck at the Eurozone summit yesterday – in the end the 28 EU leaders didn’t have to meet…  The Guardian live-blog on the Greek crisis notes one possible scenario Analysts at Eurasia Group suspect Greece could soon head towards more…

“Greece today is angry and fearful, divided and conflicted, and will still be after Sunday’s vote.”

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With Sunday’s controversial, and confused, Greek referendum clearing its constitutional test in the courts, the Guardian Data Blog rounds-up the polls – as of 12.34pm Friday.  The then-live-blog added An Ipsos poll just released shows the referendum on a knife-edge. It has yes on 44% and no one point behind on 43%, with 12% still undecided. The more…

Greek Referendum: “a chunk of undecided voters to fight over.”

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Via the Guardian’s Greece crisis blog.   Another wrinkle for the game theory academics in the Syriza-led Greek Government, and those agitating on their behalf, to contemplate ahead of the controversial, and confused, on/off/on 5 July referendum in Greece. GPO poll Yes 47.1% No 43.2% Undecided 6.3% (via @euro2day_gr) #Greferendum #Greece #politics pic.twitter.com/xJRr3K2uAC — MacroPolis (@MacroPolis_gr) July 1, 2015

“For those who can’t read Greekdebtspeak, well, you’re on your own”

With European leaders, including Syriza’s erstwhile ally the Italian Prime Minister Matteo Renzi, warning Greek voters that they will be, effectively, deciding whether or not they want to stay in the eurozone, the BBC takes a side-ways look at the wording of the controversial 5 July referendum the Greek Prime Minister Alexis Tspiras suddenly announced at more…

More Greek gamesmanship…

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With the Greek Parliament, and Greece’s creditors in Europe and elsewhere, discussing the latest sudden manoeuvre by the game theory academics in the Syriza-led Greek Government, via the Guardian’s live-blog, here’s a reminder of Alexis Tspiras’ criticism of ex-PM George Papandreou’s, failed, attempt to hold a similar referendum in 2011. @graemewearden A transcript of @atsipras‘s scathing more…

How to get Martin McGuinness off the hook

Despite the mockery that  greeted it, Arlene Foster’s “phantom budget” has, in the now familiar  phrase of financial crises, “kicked the can down the road,” even as Robinson and McGuinness have been ramping up the rhetoric in the game of chicken.   This has bought time. However, it’s now clear that quite a big road  block more…

As austerity is set to continue whatever, it’s time for civil society to call for a halt in the game of chicken over the budget

The silence from local economists and business people has been deplorably deafening about the game of chicken being played out in the Assembly over the budget and the welfare Bill. Rather than mixing it with the politicians they can perhaps be forgiven for turning to bigger pictures and hoping that the Assembly will do likewise. more…

IMF to Tsipras: “You’ve got to ask yourself one question. Do I feel lucky? Well, do ya, punk?”

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After more of the familiar lies and misdirection yesterday, there were some optimistic noises from Brussels last night as the leaders of Germany, France and Greece met on the side-lines of the EU-Latin America summit.  They were short-lived. Having tried to play the International Monetary Fund, and its managing director, Christine Lagarde, last week, the game more…

“Greece is joining a fairly exclusive club…”

Which ‘club’, exactly, remains to be seen…  If you’ve been having trouble following the twists and turns and lies and misdirection of the on-going Greek financial crisis [Join the club! – Ed] *ahem*  Perhaps some notes on Greece’s Syriza-led Government’s latest reverse-ferret decision to delay Friday’s €300m (£216m) debt repayment to the International Monetary Fund, and more…

Not all the zombies are politicians. This is also civil society’s failure

Not so long ago, Northern Ireland  politics were conducted in a seething cauldron. Today they’re in zombieland.  Nobody seems to know what sort of situation is facing  Northern Ireland in the  forthcoming days, weeks and months. Your starter for 10. Is it bailout, surrender or just staggering on?   At home, nobody can be bothered even to more…

Fianna Fail’s future is the radical centre

Many voices are rushing to tell Fianna Fail what direction it needs to go. Mark Beegan is a Public Relations Consultant and Fianna Fáil activist. He specialises in political communication and media relations.  He argues that simple ideological analysis is not enough and is not what Fianna Fail was ever about.   Senator Power’s bombshell more…