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Tag Archives: Ireland

Survey: 51% of Europeans believe austerity politics have failed

51% of Europeans believe austerity politics have failed. Greece, Portugal and Cyprus have expressed the greatest degree of dissatisfaction with austerity policies According to a study by the Gallup Institute for the “Debating Europe” platform, 51% of Europeans believe that the austerity policies implemented to combat the crisis have failed, …

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EUROSTAT: Austerity-hit countries pay for electricity & gas as much as the rich EU North

Good that there are statistics and we can base our complains on real facts and statistical data. Eurostat found out that household electricity and gas prices rose between the second half of 2011 and the second half of 2012 in the Europe of 27. In simple English, that is between …

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IIF: Greece’s austerity program much harsher than the Irish one

“The fiscal afjustment program for Greece is much harsher than the one for Ireland.” That’s what Jeffrey Anderson, senior director of European Affairs at the Institute of  International  Finance (IIF) stresses in his economy research with the title “Ireland and Greece: A Tale of Two Fiscal Adjustments”. “Greece and Ireland …

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New horsemeat burgers scandal: Irish company with EU customers

Irelands’ “number one” burger producer suspended production after after tests showed that horsemeat was found in firm’s raw material ingredients. Ireland’s agriculture department confirmed the findings pointing the finger at Poland as the country of origin for the raw materials. Irish beefburger producer Rangeland Foods has customers in the UK, Greece, Belgium, Sweden, …

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Olli Rehn: Greece Has Achieved More Than Is Often Realized

Greeks should be proud! For the compliments made by EU Commissioner for Monetary Affairs, Olli Rehn. In an article he wrote for Wall Street Journal about the euro crisis, Olli Rehn wrote among others: “Over the last two years, Europe has made remarkable progress in addressing these imbalances. Consider the …

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ECB-Draghi Calls On Bailout Countries to Further Lower Minimum Wages

Mario Draghi, head of European Central Bank found the solution to to production, especially in the bailout countries of the Euro Zone. “Urgent need to improve competitiveness and have labour forces work for dumping prices through further lowering the minimum wages” is the magic formula proposed by the ECB-chief. In the monthly …

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Bundesbank: No ban on Sovereign Debt Collateral from Greece, Ireland & Portugal

UPDATE: Germany΄s Bundesbank said on Monday (April 2/2012) that it will continue to accept all euro zone sovereign bonds as collateral in its lending operations, rejecting media reports that it had stopped taking debt from EU/IMF programme countries. On March 30, German daily Frankfurter Allgemeine Zeitung reported, that Germany’s Bundesbank …

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Aer Lingus Force Greek Woman to …Language Test!

A Greek woman, resident of Cork, Ireland, was forced by airlines Aer Lingus to undergo a language test both in Greek and English to prove her passport was not forged. The woman, a telecoms manager, was about to check in for a flight to Ireland at Barcelona airport, when she was asked …

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Is Portugal the Next Greece? And How About Ireland?

While Greece struggles in Brussels to convince its European partners of its good intentions, Portugal seems to follow the path of Greece. The IMF prescription programme didn’t help the Portuguese economy either. On Monday borrowing costs for Portugal rose to euro-era highs. The same happened with CDS that hit a record of …

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Irish Journalist Destroys the Troika During Press Conference (video)

Ireland’s favourite print and broadcast  journalist, Vincent Browne takes on the Troika, and refuses to allow them to evade questions regarding the bailout of unguaranteed bondholders by the Irish public. Vincent Browne at his finest. His key question that Troika-representatives are unable to answer “Why are Irish people required to pay …

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The Never Ending Plight of Greek Debt Drives CDS & Spreads High

ECB President Jean Claude Trichet made on Thursday a clear point on Greek Debt and the additional bailout. “ECB’s position does not change. Participation of private sector is voluntary. We don’t want a ‘selective default”. Trichet was speaking during a press conference and gave this answer when he was asked …

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