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Economic Crisis

A new study released today by the CSO reminds us that despite our improved economic performance, one in six Irish people are still living in poverty.

In the most recent, and high-profile, mortgage sale, Permanent TSB this week announced its intention to sell 14,000 non-performing mortgage loans.  Some commentators have suggested that, instead of selling these loans, that individual borrowers be allowed to ‘make a deal’ with the lender to buy the loan at the intended sale price.  However, this solution is too simplistic. 

A new study of 11 EU countries shows that Ireland has a significant and increasing gap in deprivation between vulnerable adults and other adults in society. The research, from the Economic and Social Research Institute, (published 31 January 2018), shows there is a significant and widening gap in the rate of persistent deprivation experienced by vulnerable adults, including lone parents and adults with a disability, and the rate experienced by other adults. Of the 11 EU countries studied, Ireland’s gap was the largest and increased the most during the study’s time frame of 2004-2015.

Current welfare systems were not designed to adapt to the challenges presented by automation and globalisation and are not fit for purpose. That's the view of a new paper from the Adam Smith Institute in the UK published to coincide with the World Economic Forum meeting in Davos this week. The institute argues that governments should look to Universal Basic Income (UBI) experiments around the world as they seek to address the risks posed by large-scale changes to the labour market while retaining the benefits of trade and technological progress.

Ireland is making poor progress when ranked against the other 14 countries in the EU-15.  The new Sustainable Progress Index, published  by Social Justice Ireland to mark UN World Social Justice Day, February 20, 2017, shows the scale of the challenge facing Ireland under the headings of economy, society and environment.

The following article by Professor James K. Galbraith appeared in Social Europe Journal on 23 February 2015 and challenges the analysis which has been communicated across mainstream media for several days.

Thomas Fazi's presentation at the Social Policy Conference 2014 is available to view.  Click the 'read more' link below to watch a larger video or to download the full text of the presentation.

Isvtán P. Svékely, European Commission DG for Economic and Financial Affairs, presented a paper at the Social Policy Conference 2013 which examined social developments in Ireland at the time of fiscal consolidation.  The paper explored social indicators and challenges ahead.  It was co-authored by Miroslav Florián.

Dr Patricia O’Hara presented a paper at Social Justice Ireland's Social Policy Conference 2013 entitled ‘What Future for the Regions?’ The paper examines the regions during the boom and after the collapse and policy options for the future.

The paper is available here.

Presentation and Q & A are available to view below.

Robert Watt, Secretary General of the Department of Public Expenditure and Reform presented a paper examining the fiscal challenges facing Ireland at the Social Justice Ireland Social Policy Conference 2013.  The paper addressed State expenditure, new fiscal rules and sustaining social cohesion.

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