Many people are now quoting Rahm Emmanuel, who said that a time of crisis provides an opportunity to do great things. This is true, but unfortunately the Taoiseach and his Ministers simply cannot deliver. Their authority is shot through because they went to the country on the pretence that they were competent in managing the economy. They were not competent in managing competitiveness or regulation, and this has destroyed so many jobs and the lives of so many families and people in debt. Failed regulation destroyed our country. Continue Reading

FG sets out alternative strategy for banking sector

AIB’s results paint a very worrying picture for taxpayers and for the economy. There is little comfort for borrowers, or for businesses. Borrowing outside of the construction sector is down by €3 billion, and AIB’s commitment to restart lending is fragile at best.

The open threat of rising costs for borrowers, including mortgage holders, also points to further trouble in store for the Irish economy. Continue Reading

As the fault lines are exposed in the eurozone, Europe struggles to come up with a response. The Stability and Growth Pact is now dead. Even in good times, its underlying logic was dubious, but it has been entirely blown asunder by the international recession. Continue Reading