Bear in mind, the money to fund NAMA has been loaned not by bondholders, but by the ECB, at almost no interest and on a one-off basis for the specific purpose. We wouldn’t have been permitted the funding for any other reason, the international markets wouldn’t have given it to us, and, if NAMA and […]
Archive | Economics
The Most Vital Day in Banking Since 1783
Posted on 30/03/2010.
Today will be the most vital day, in the history of Irish banking, since 1783. The decisions that our democratically elected Govt is committing country to, in terms of capitalisation and restructuring, are critical to every single citizen regardless of political persuasion. All our public representatives should remember that their remarks are being watched internationally, […]
Posted in Economics0 Comments
Politicans Right To Travel Abroad
Posted on 24/03/2010.
The Wicklow People have today published my letter regarding St. Patrick’s Days travel: Dear Editor It was with surprise that I read the comments from your contributors regarding our elected representatives travelling abroad for St Patrick’s Day. Such utter nonsense from a bunch of illformed, shortsighted people! To quote An Taoiseach on the importantance of […]
Posted in Economics, National, Wicklow0 Comments
SF Economic Policy Means Lower Wages and Welfare in the Republic
Posted on 14/03/2010.
Sinn Fein’s economic policy, lauded by its delegates at last weekends Ard Fheis, is based upon ending partition. Yet as Pat Leahy points out in today’s Sunday Business Post there’s little evidence that an all-Ireland economic entity would be more successful. The most likely outcome of joining the Republic’s economy with the dysfunctional and state-subsidy […]
Posted in Economics
Sterling to Collapse, UK Sovereign Default Coming?
Posted on 12/03/2010.
There is a very interesting article in the Telegraph entitled “Europe’s banks brace for UK debt crisis” which states “UniCredit has alerted investors in a client note that Britain is at serious risk of a bond market and sterling debacle and faces even more intractable budget woes than Greece” I remember when I was in […]
Posted in Economics0 Comments
My Response to Cllr Snell
Posted on 11/03/2010.
Below is my response, and challenge to Cllr Snell See here
Posted in Economics, Wicklow0 Comments
Our Public Finances Have Stabilised
Posted on 10/03/2010.
Over the last twenty months, the FF lead Government has taken decisive and bold action to bring this country back from the brink of economic and financial ruin. The latest of these measures were contained in last December’s budget. Savings of €4 billion were made through cuts in public sector pay, an average 4% reduction […]
Posted in Economics0 Comments
SF Cllr Launches an Inaccurate, Personal Attack on Me
Posted on 09/03/2010.
SF Cllr Snell has launched an inaccurate, and personal attack on me, in response to my criticism of his comments on the new Wicklow Port Access Road. I will be issuing a full response to him
Posted in Economics, Wicklow0 Comments
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