April 17, 2012

Cheer Up, Ireland - We Could Be Greece

Fintan O'Toole, Irish Times

AP Photo

I was listening last week to RTÉ’s economics correspondent, Seán Whelan, analysing his own very interesting interview with one of our rulers, Joerg Asmussen, the German member of the executive board of the European Central Bank.

Whelan explained that the strategy of the powers-that-be in Ireland is not to tell the ECB that bank debts are crippling the economy. It is, rather, to suggest, in relation to easing the burden of the promissory notes, that “things are grand but if we had this as well they would be even grander.”

Read Full Article ››

TAGGED: Greece, Ireland, Eurozone

RECOMMENDED ARTICLES

April 5, 2012
A Crack in Europe's Consensus on Iran
Ilan Berman, Int'l Business Times
If Europe's ban on Iranian oil ends up being comprehensive, the result could be deeply consequential for the regime in Tehran, which counts on foreign oil sales for more than half of its national budget. more ››
April 5, 2012
A Suicide, a Protest and a Nation in Agony
John Kass, Chicago Tribune
His name was Dimitris. And so he walked out Wednesday morning onto the beautiful and peaceful Syntagma Square across the street from the Parliament. And with him he carried the tools of his martyrdom: He carried a piece of... more ››
April 17, 2012
Greeks Embracing German Thrift
Georgios Christidis, Der Spiegel
For all the hullabaloo and vehement rejection by many of my compatriots of what is considered the "Germanification of Greece" (under the pretense of saving the country from bankruptcy), Greeks are showing increasing signs of not... more ››
April 5, 2012
Decolonizing the Franc Zone
Sanou Mbaye, Project Syndicate
France is wrestling with a burden of debts and public deficits that led Standard & Poor's recently to downgrade its credit rating. Even as the risk of recession looms, the country has been forced to implement a drastic... more ››
April 5, 2012
A Global Crisis of Civilization
Walter Russell Mead, The American Interest
During the Cold War, we said there were two kinds of countries: developed countries like the western industrial democracies and Japan, and developing countries. The developed countries had reached the end of history; they had... more ››