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Banking Crisis

Almost 10,000 people accessed emergency accommodation in February 2018.   Research released today by the Central Bank of Ireland suggests that almost 35,000 more are at risk of homelessness through late stage mortgage arrears.

Dr Brigitte Unger director of the WSI (Economic and Social Institute) presented a paper at Social Justice Ireland’s Social Policy Conference 2013 entitled ‘Towards a Social Europe’.  It addresses the threats to social policies after the financial crisis, models for a Social Europe and specific suggestions for creating a Social Europe.

'Towards a Social Europe' - paper presented by Dr Brigitte Unger at Social Justice Ireland's social policy conference 2013 'a Future Worth Living For'.

Deal on Anglo/IBRC compounds the injustice of the original deal and copper-fastens it for generations to come.

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. 

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.

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.

The European banking Federation has published facts and figures on Europe's banks which can be downloaded below.

This article was written by Professor Karl Whelan of UCD and published in Business and Finance November 2011. 

Debates about burning bondholders who have already been repaid misses the point. It is all about promissory notes, writes Karl Whelan.

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