Eamonn Blaney's Website

The recent machinations by the EU to resolve the economic crisis by taking advice from bankers and financiers is akin to holding an AA meeting over a few pints in the local pub and they will have just about as much success.

However, it is obvious that the EU politicians, unelected officials and those in the financial services sector are suffering from an addiction. Their addiction to power, control, ego and personal financial gain, has destroyed the lives, hopes and aspirations of tens of millions of people Just like every other addict, the Eurocrats immediately condemn anybody who begins to suggest that it is they who may be a big part of the problem.

So we have reached the point where the Irish government is ineffectual and powerless in relation to the running for what is supposed to be our Democratic Republic of Ireland. What’s more, the parliament in the European Union is also powerless and ineffectual in relation to the drama is unfolding in Europe. Make no mistake about it, as we approach the end game of this financial disaster our real masters are those in the financial services industry and their media and political insiders.

I submitted this article to the Sunday Independent but they couldn’t make space for it. It was written two weeks ago.

The Irish League of Credit Unions recently released their quarterly “What’s Left?” report. It deals with how people throughout the Country are managing financially and the figures up to June are not just frightening they are a damning indictment on the failure of our Government to run OUR Country.

Just to give you an idea of just how bad the Government’s policy of protecting the banks has been for the average adult, nearly one in every two (47%) are late paying at least one bill a month, one in every three adults have between zero and seventy Euros left after paying their bills and a heartbreaking two hundred and eighty thousand people stated that their income does not even cover bills like their mortgage and electricity…..

This timely article, prompted by the arrest of DSK in New York recently, give the most superb insight to what our new masters have in store for us if Mr.Kenny/Gilmore & noonan continue with the self delusional idea that we are capable of repaying the ECB. This article will give you great insight what will happen when, eventually and after we are totally broke, we refuse to play ball with the IMF.

So the fact that Dominique Strauss-Kahn, the former head of the International Monetary Fund (IMF), is facing trial for allegedly raping a maid in a New York hotel room is – rightly – big news. But imagine a prominent figure was charged not with raping a maid, but starving her to death, along with her children, her parents, and thousands of other people.

That is what the IMF has done to innocent people in the recent past. That is what it will do again, unless we transform it beyond all recognition. But that is left in the silence.

“So given these three options are unlikely, there is really only one other way to restore competitiveness and growth on the periphery: leave the euro, go back to national currencies and achieve a massive nominal and real depreciation. After all, in all those emerging market financial crises that restored growth a move to flexible exchange rates was necessary and unavoidable on top of official liquidity, austerity and reform and, in some cases, debt restructuring and reduction….”