Tag Archives: germany

Germany’s Dilemma – Sacrifice Cyprus or Make Sacrifices Itself…

This is an updated and linked version of a column published in The Irish Examiner Saturday 24 March 2013.The deposit tax debacle in Cyprus is rich in historical resonances as well as showing that frankly as Leigh Phillips suggests in … Continue reading

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Cyprus and the ATMs

So we are hearing that cyprus was blackmailed into the plundering of the citizens deposits by  threats that  the ATMs would not work the banks would close there would be national bankruptcy there would be a plague of locusts o’er … Continue reading

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Ollie and the Rehnation of the EU….

This morning on Morning Ireland there was an interesting interview with Ollie Rehn, the EU commissioner for economic affairs. He dismissed the notion of coordinated austerity as being a problem, dismissed the ruination of the social compact, and generally displayed … Continue reading

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Trying to untangle the kites flying around the Anglo Irish Promissory Note? A guide…

So, the old chestnut (at this stage so old and withered it’s a conker) of floating a bond to replace the anglo Irish bank promissory note has rared its head once again. The report in the times is fair, if the … Continue reading

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Lazy stereotropes, lazy greeks

So. The problem it seems with greece is not its unsustainable  150% debt to GDP ratio, or the habit many of its wealthier citizens have of being creative with tax. No …. its that they are lazy olive botherers who simply dont work hard … Continue reading

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The Tin Ear of Dr Sinn

One of the great masterpieces of world literature is Gunther Grass’ The Tin Drum, cataloging how Germany fell into the abyss of madness. The eponymous drum is pounded upon by Oskar, who survives the horrors of war and gains fame … Continue reading

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The real problem country in Europe….

This is an extended version of an opinion piece published in the Irish Examiner Saturday 25 May 2012 So another European summit concludes inconclusively, with the poor ole can again booted down the road, hopefully avoiding the fork that said … Continue reading

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