Monthly Archives: August 2010

Bank of Ireland (UK) plc

In July a statutory instrument (S.I. No. 358/2010) was signed by Finance Minister Brian Lenihan, bringing a company called Bank of Ireland (UK) plc under the Credit Institutions (Financial Support) Act 2008, otherwise known as the bank gurantee scheme. This is curious on a number of levels, and could be entirely innocent, but is nonetheless… Read More »

Digest – August 29 2010

Right, it’s back properly now. Honest. HOME P O’Neill with another thing the press misssed or miss-interpreted. In short, the Irish example of debt reduction as cited by M. Trichet is dodgy.  Yes there was debt reduction, but it wasn’t done by spending cuts, it wasn’t sustainable, and its achievement was symptomatic of deeper structural… Read More »

'Work for dole'

Sunday Times political correspondent, Stephen O’Brien, provides some facts… The government plans to put thousands of dole claimants to work in their communities and cut off welfare payments from those who refuse to take up the jobs. Eamnon Ó Cuív the social protection minister, will employ up to 10,000 dole recipients over the next four… Read More »

An email or two from the Fás file

A month or so ago we’d a story in the Sunday Times about Fás. It involved a Mr Terry Oliver, whose company, OSK, had been found to be “consistently successful” in winning Fás contracts. The headline read ‘Fás in new cronyism row over lease’… FAS, the state training agency, is renting a warehouse from the former… Read More »

"Ain't got no place to lay your head?…

… someone came and took your bed? Don’t worry, be happy”. The Economist have a piece on Irish banking out today. Headline: “Money pit: Ireland’s banking mess – Austerity is not enough to avoid scrutiny by the markets”. Anyway, we should be looking on the bright side, lads. The ECB will buy the rest of… Read More »