Policy issues concerning Banking Crisis

Euro Summit makes some progress but huge questions remain

Social Justice Ireland welcomes the Euro Area Summit (June 28-29, 2012) conclusion that "it is imperative to break the vicious circle between banks and sovereigns". This is a development we have advocated for almost four years. However, the specifics of how this is to be done and what its impact will be on Ireland's budgetary situation are not clear. 

Ireland protected European financial stability by taking on debt - time to ease this burden: Karl Whelan

According to Professor Karl Whelan (University College Dublin) much of IBRC’s (formerly Anglo Irish Bank) debt was incurred by the Irish state so that unsecured and unguaranteed senior bondholders in the notorious Anglo Irish Bank and Irish Nationwide Building Society would be paid back.

Ireland protected European financial stability by taking on debt - time to ease this burden: Karl Whelan

According to Professor Karl Whelan (University College Dublin) much of IBRC’s (formerly Anglo Irish Bank) debt was incurred by the Irish state so that unsecured and unguaranteed senior bondholders in the notorious Anglo Irish Bank and Irish Nationwide Building Society would be paid back.

Governments must break the link between states and their banks and minimize costs to taxpayers - Chopra (IMF) supports position proposed by Social Justice Ireland

Governments must break the link between states and their banks according to Ajai Chopra, Deputy Director, European Department, International Monetary Fund, and leader of the 'troika' currently overseeing Ireland's Bailout Agreement with the IMF, the European Central Bank and the European Commission.  In a remarkable presentation at the Dublin Economic Workshop in Kenmare on October 15, 2011, he outlined a position that is remarkably similar to that  proposed and advocated by

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