Bank Debt vs Sovereign Debt: What’s the difference?

February 16, 2011

[youtube][/youtube] Kevin O’Rourke, Ronan Lyons, Constantin Gurdgiev & David McWilliams discuss Ireland’s debt. This video gives a really good explanation of why it is so important that we know the difference between them and why [Read More]

Default, the EU and what’s next

February 16, 2011

In this 4 minute video Prof Kevin O’Rourke & Constantin Gurdgiev explain what happens after we separate what we as a Country owes from the debts of the privately owed Irish banks. [Read More]

‘New Vision’ tells of public anger

February 15, 2011

New Vision tells of public anger PAUL CULLEN and MARIE O’HALLORAN INDEPENDENTS: A GROUP of Independents standing under the banner of New Vision says they could win seats if the anger expressed by people on [Read More]

Political consensus behind disastrous decision Kenny, Cowen & Gilmore

February 14, 2011

The bank guarantee represented the most spectacular single transfer of wealth ever in the history of this country, from society at large to a financial elite. The elite being depositors of more than €100,000 (depositors up to €100,000 had been guaranteed previously) and bondholders who had lent money to the banks. Even if the banks had not collapsed subsequently, it was still a huge transfer of wealth because of the insurance it gave the big depositors and bondholders. [Read More]