Protest in Galway yesterday by Galway Unites Against Cuts

by Terry - Free Education for Everyone Mon Dec 06, 2010 22:03

Irish govt slaves to IMF terror machine!

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Max Keiser: Irish govt slaves to IMF terror machine!

by Terry - Free Education for Everyone Mon Dec 06, 2010 21:33

Special broadcast on behalf of the Irish Government for ruining the Irish economy and reducing quality of life for the majority of citizens living in Ireland.

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Cowen says sorry

by Liam Sun Dec 05, 2010 22:15

Ronald Quinlan is reporting in today's Independent: Presidential hopeful Senator David Norris, using parliamentary privilege, managed to name five of the international financial institutions before the Cathaoirleach closed him down. Addressing the Seanad, the independent senator read the names of Aberdeen Asset Management (London Ltd), AGICAM, Aktia Asset Management, Aletti Gestielle SGR and Alliance Bernstein (UK) Ltd, on to the record before being ruled out of order by Cathaoirleach Pat Moylan. The five institutions are included on a list 80 international firms drawn from countries including Germany, France, Italy and the UK, which, Mr Norris says, are the bondholders of the State-owned Anglo Irish Bank. All of Anglo's senior debt will have to be repaid by the taxpayer as a result of its inclusion by the Government in the bank guarantee scheme. A copy of the list has since been forwarded to all members of the Dail and Seanad, and is now being circulated on the internet. The refused to allow it on the grounds that it wasn't of national importance.

"Now that is so absurd that it underlines the irrelevance of the Oireachtas; that business is being done over our heads by people who are not well disposed towards Ireland. It is absolutely disgraceful in my opinion," Mr Norris said.

"Nobody else will get screwed because nobody else will put up with it. My view always was: 'You want to put it up to us? We'll pull the plug. We'll bring the whole bloody thing [the EU] down, unless you give us this money to pay yourselves at zero interest or one per cent.' Six per cent is ridiculous. I mean, not only are they treating us like a money-laundering outfit for people who at the very least are stupid and greedy, ordinary Irish people, who haven't done anything wrong, will have to pay for it." (full story on link).

by Carmel F - 1% Network Sun Dec 05, 2010 20:01

What the great and the good really mean when they use the word is not that the financial fallout is manageable. It is that the people are managable. The assumption is that you can squeeze health and education, do almost nothing to create jobs, lock the economy into a downward spiral of cuts and depression, and there will be no long-term political or social consequence. Underpinning all the gambles on the banks is the ultimate gamble - on the infinite masochish and/or gullibility of the Irish people (Excerpt from Fintan O'Toole's; Enough is Enough,p.12).

Tuesday 7th December will see the imposition of yet another vicious budget to protect the wealthy 1% and make the rest of us pay for the crisis. The 1% network will be meeting up at the Wolfe Tone statue at 5.30pm to join the left bloc protest at the Dail at 6.

Now is not the time to wallow in masochism, wringing one's hands and lamenting on the ditch, a spectator to one's own immiseration?
It's fightback time! Join us!

07 December · 17:30 – 18:00
Wolfe Tone statue, Stephens Green opposite Shelbourne Hotel
Stephens Green North
Dublin, Ireland

by Helen Meade Sun Dec 05, 2010 19:17

Financial strategists Peter Boone and Simon Johnson in the New York Times state: Under the current program, we estimate each Irish family of four will be liable for 200,000 euros in public debt by 2015. There are only 73,000 children born into the country each year, and these children will be paying off debts for decades to come – as well as needing to accept much greater austerity than has already been implemented. There is no doubt that social welfare systems, health care and education spending will decline sharply.

If current policies continue, the calamity of the Irish banking system will lead to a much deeper recession and the consequences will be felt for decades. Watch also for further global financial disruption as this kind of deal starts to unravel.

by DunloT - GUAC Sun Dec 05, 2010 16:39

and photos.

Ann Irwin of the Community Worker's Co-op addressing protesters

Master of cermonies; Eamon DeStaic

Galway Unites Against Cuts info table, Shop Street, 25-11-2010

GUAC info table, Shop Street, 25-11-2010

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Galway Unites Against Cutbacks info stall (25-11-2010)