Bailout blues and predictions of bankruptcy

Meanwhile back in the real world.. spare a thought for the wee 26.  Morgan Kelly has returned to the fray with the most devastating indictment of the bailout yet. He pursues all the players, Lenihan, Holohan and their coalition successors, the weak kneed Commission, the IMF and above all the European Centre Bank. This is the kind of landmark  article that once could  turn opinion and change policy.  But as there have been so many of them, will anybody notice? …

Read more…

The global parish pump and benchmarking by-elections.

After days and days of posturing and throwing shapes in Dublin, none of the principle actors have changed chairs and all that has been issued is a four year plan that might have been written two years ago. For all the unachieved drama, all that seems to have actually happened is that whatever sovereignty remained to the Republic of Ireland has been outsourced to anyone with a cheque book (and deep pockets). Ironically, with no money in the budget to allow them to buy off the electorate, the …

Read more…