The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really a holocaust. The British got Ireland’s food exports, while at least one million Irish died from starvation and related diseases, and another million or more emigrated.
Today, Ireland is under a different sort of tyranny, one imposed by the banks and the troika—the EU, ECB and IMF. The oppressors have demanded austerity and more austerity, forcing the public to pick up the tab for bills incurred by profligate private bankers.
The official unemployment rate is 13.5%—up from 5% in 2006—and this figure does not take into account the mass emigration of Ireland’s young people in search of better opportunities abroad. Job loss and a flood of foreclosures are leading to suicides. A raft of new taxes and charges has been sold as necessary to reduce the deficit, but they are simply a backdoor bailout of the banks.
At first, the Irish accepted the media explanation: these draconian measures were necessary to “balance the budget” and were in their best interests. But after five years of belt-tightening in which unemployment and living conditions have not improved, the people are slowly waking up. They are realizing that their assets are being grabbed simply to pay for the mistakes of the financial sector.
Five years of austerity has not restored confidence in Ireland’s banks. In fact the banks themselves are packing up and leaving. On October 31st, RTE.ie reported that Danske Bank Ireland was closing its personal and business banking, only days after ACCBank announced it was handing back its banking license; and Ulster Bank’s future in Ireland remains unclear.
The field is ripe for some publicly-owned banks. Banks that have a mandate to serve the people, return the profits to the people, and refrain from speculating. Banks guaranteed by the state because they are the state, without resort to bailouts or bail-ins. Banks that aren’t going anywhere, because they are locally owned by the people themselves.
Over a thousand technology companies, half of the world’s financial institutions, nine out of 10 global pharmaceutical corporations and 17 out of the top 25 medical device companies — with these attractions, the Republic of Ireland wants to double the number of Indian students by 2015.
To add to this, Irish higher education institutions are trying to rope in Indian students into specific courses in the spaces of engineering, computer science and biomedicine.
For instance, the National University of Ireland, Galway, gives away fully-funded scholarships to three Indian students undertaking taught master’s in the fields of biomedical science and innovation or software engineering and informatics, plus €10,000 (approx `9 lakh) towards cost of living for a year.
“Europe’s premier cluster of device companies is based in the Galway region. In fact, 80 per cent of global stent (a device used in angioplasty to remove blockages in the heart) production is carried out by companies in Galway,” says Anna Cunningham, director of International Affairs, NUI Galway.
Telegraph.co.uk John Major: Conservatives would be better off without Scotland Telegraph.co.uk In words that have just surfaced, Sir John told a journalists' lunch in Westminster two weeks ago: “From a purely partisan political point of view, the...
Scotland breathed a collective sigh of relief at the eleventh-hour reprieve for the Grangemouth petrochemical plant, Scotland's biggest industrial site. 800 workers had faced unemployment 48 hours earlier, when its owner INEOS had announced its closure and liquidation. Another 550 oil refinery workers and 2,000 contract workers faced the same fate – with all the devastation, poverty and social destitution such shameless economic vandalism threatened.
The poet W. B. Yeats turned often in his imagination to the west of Ireland. The wild place shaped him, and in many ways it was his spiritual home. Philip Coulter visits some of the places that most inspired the great poet.
DUBLIN (Reuters) - Small tech firms are set to create up to 2,000 jobs in Ireland, following the lead of web giants like Google and Facebook, the country's investment agency said on Wednesday as nine firms announced hundreds of new positions.
The companies said they were basing their regional headquarters in Ireland because of the quality of the workforce rather than its low tax rate, which has led to criticism of the country from the U.S. Senate.
Washington Post (blog) How British colonialism determined whether your country celebrates Halloween Washington Post (blog) It's an especially big deal in Ireland but has also long been observed, in some form or another, among the English, Welsh and...
In Wales, however, the soft nationalist pitch 'Standing up for Wales' was used successfully by Labour at the last Assembly election. However, if Labour regains power in Westminster in 2015, Carwyn Jones will be unable to ...
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