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Policy issues concerning Economy

Social Justice Ireland is deeply disappointed with some of the recommendations of the OECD’s latest report on Ireland.

The latest figures for GDP (Gross Domestic Product) per capita in EU Member States have been published by Eurostat.  They show Ireland's GDP per capita in Purchasing Power Standard (PPS) is 125% of the EU average. Only Luxembourg and the Netherlands arae higher.

The OECD published an economic forecast summary for Ireland on May 25, 2011 as part of its Economic Outlook #89 published on the same day
 
Ireland is continuing to undertake a comprehensive and vital adjustment programme to reduce its
macroeconomic imbalances and restore its banking system to health. Despite robust export growth,
weak domestic demand and ongoing fiscal consolidation have prevented an economic recovery from
The global recovery is becoming self-sustained and more broad based. The recovery is taking place at 
different speeds, between advanced and emerging economies, but also within the first group of 
countries. Unemployment remains high across most of the OECD countries. In most, headline inflation 
has risen strongly, and expectations are also drifting up; however, underlying inflation seems likely to 
edge up only slowly. Vibrant domestic demand growth, negative supply shocks and strong capital inflows 

Progressing Basic Income on a Range of Fronts

Progressing Basic Income on a Range of Fronts Sean Healy and Brigid Reynolds

BIEN Conference, Paper presented in Berlin, October 2000

Ireland is heading for bankruptcy, which would be catastrophic for Ireland according to Morgan Kelly in his op-ed article in the Irish Times on May 7, 2011.

The latest Central Bank Quarterly Bulletin has produced growth predictions that are substantially lower than those contained in the Government’s Budget. This brings the Government’s other predictions into serious question. Readers will recall that Social Justice Ireland predicted this would be the case when the Budget was published.

Ireland's negotiations with the European Commission, the ECB and the IMF were concluded on Sunday, November 28, 2010.  The bottom line is that Ireland's tax-payers, poor people and vulnerable people are to take the full impact of the 'hit' for bank losses.

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