Eblaney

Author's details

Name: Eamonn Blaney
Date registered: February 17, 2009

Latest posts

  1. Another EU Summit, Another EU Failure — December 13, 2011
  2. What is Really Going on in Europe? — November 15, 2011
  3. The Euro is dead, long live the Euro! — August 20, 2011
  4. The IMF itself should be on trial — June 18, 2011
  5. The Eurozone Heads for Break Up — June 14, 2011

Most commented posts

  1. Default, the EU and what’s next — 12 comments
  2. Time to upgrade to Ireland, Version 2.0. — 12 comments
  3. March with the Union’s ? — 10 comments
  4. It’s Really All Our Fault, Isn’t It ? — 10 comments
  5. Bless Me Father, For I Have Sinned… — 9 comments

Author's posts listings

Nov
26

Irelands Economic Crisis Explained, By Robots !

FF Tratiors

The Irish story began with a genuine economic miracle. But eventually this gave way to a speculative frenzy driven by runaway banks and real estate developers, all in a cosy relationship with leading politicians. The frenzy was financed with huge borrowing on the part of Irish banks, largely from banks in other European nations.

Then the bubble burst, and those banks faced huge losses. You might have expected those who lent money to the banks to share in the losses. After all, they were consenting adults, and if they failed to understand the risks they were taking that was nobody’s fault but their own. But, no, the Irish government stepped in to guarantee the banks’ debt, turning private losses into public obligations.

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Nov
16

Finally, it has come to pass!

Well, well, well. It has finally come to pass. We will have to wait until five o’clock this afternoon to find out exactly how the government plans to repay its friends, at our expense. Although I am aware that a statement will be issued by Mr. Cowen I am not privy to the exact contents …

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Nov
12

The National Debt solution is in our back yard.

Shell2Sea

Auctioning some of our Oil & Gas reserves could get us out of the present economic and social mess yet it has never been considered or discussed. No, we are just been fed the same bullshit i.e. that individual citizens have to bail out the Irish banks, which are failed privately owned companies, even though it was not their fault. Why ?

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Oct
18

Public Service workers must be let go – A proposal.

My proposal for removing up to 100,000 public servants is relatively straightforward although it will have to be accompanied by substantial reforms in work practices, promotion policy, pension entitlements and attitude. For example, the defined benefit, indexed linked pension scheme is simply too expensive for our country to afford for the foreseeable future. The abolition of this pension must include all public servants whether employed now, in the past or in the future. If new legislation or constitutional amendment is required to make this happen, then so be it. The fact that there are people who retired over ten years ago and are presently receiving pension that are actually higher now than their salary they were on when they left, is outrageous.

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Oct
10

In plain ‘apples and oranges’, these figures are just bananas – Sunday Indo 10-10-2010

At the moment there are 450,000 people without paid employment out of a workforce of 1.9 million. Also consider that 460,000 of the total workforce do not compete for jobs or are in any danger of losing their jobs because they are our public servants. So, in the real world, the actual number of people available to work (or be made redundant) is 1,450,000 people. I’m sure even one of our overpaid bankers could work out that 32 per cent of the people in the “free labour market” are without jobs. That’s right folks, the real rate of unemployment in this country among the wealth-creating sectors is 32 per cent or one in three.

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