Irish News

lagarde_kennyA question that is prominent on the minds of Irish people now is ‘does Ireland need a safety net when we exit the bailout on 15th December’. 

There is a difference of opinion on this question.  David McWilliams says that while Ireland is moving in the right direction and growth of 2 per cent next year will finally contain our escalating debt and it should come down gradually over the following few years. However, if for any reason the growth forecast does not come to pass the national debt could quickly become unsustainable and we will need all the help we can get.

walking-holidaysIreland’s services sector has grown rapidly for 15 consecutive months from 56.8 to 60.1,
according to the Investec Purchasing Managers Index. 
This is the fastest rise in new business in 6.5 years, from early 2007.

Today, 15th Oct 2013, is Ireland’s seventh austerity Budget.

Michael Noonan, Minister for Finance, and Brendan Howlin, Department of Public Expenditure and Reform, revealed how they plan to take €2.5 billion out of the economy.  You can download the entire budget and speeches at the end of this article, just above my photo "Download attachments".  There are five reports.

Here are the main details of Michael Noonan’s speech:

What’s the difference between €3.1 billion and €2.5 billion when it comes to hardship on the normal person.  €600 million less than our Minister for Finance, Michael Noonan, has to take out of the economy in the next budget.

EurosThis is a joint statement issued by the Troika on the  Eleventh Review of the mission to Ireland.  Below is the complete statement as it was issued, unedited.  However, I have highlighted certain parts. 

Irish funding holds up despite global credit crunch.

Report suggests broadening of Ireland’s indigenous technology base.

189 technology companies raised €269m  from investors in 2012 according to the annual Irish Venture Capital Association VenturePulse survey. The previous year (2011) 159 Irish technology companies raised €274m.

This is the plan of 2010.
Compare it to today.

Ministers Lenihan, Cowen and GormleyBelow you may download a copy of the 2 reports published on 16th July 2009 by An Bord Snip Nua for the Irish Goverment (formal name Special Group on Public Service Numbers and Expenditure Programmes) as a report on how the 2010 Irish Government planned to reduce public spending by 3.2 billion Euro.  This is the plan of the Fianna Fail Government of the day. Look at it and make comparisons to how it relates to today.

GrantsWell forgive me for laughing but the news that the Irish government’s latest business loan scheme for SME’s stands at a miserly €2 million per year is insulting. It’s designed to help small business’s bridge the funding gap with the aim of preserving jobs.

deportedI was sent a link to an article in Irish Central that was headed “Irish tourist deported and barred from US after 'destroy America' tweet”. 

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