Austerity has not worked in Ireland or across the eurozone, writes Joan Collins, who points out that even the architects of our bailout admit it was the wrong path.
AIB’s chief executive David Duffy – who the report shows was paid €546,000 last year – said that assisting mortgage customers in difficulty would be a “major priority for this year”.
MPs voted in favour of a national solidarity fund meaning the nationalisation of public and private sector pensions and of capital controls to prevent a run on banks.
Deposits in Cypriot banks will be hit with a one-off levy of 6.75 per cent with those with over €100,000 in banks hit with a 9.9 per cent levy under the €10 billion bailout proposal.
The restructured debt obligation will give the Government fiscal space and breathing room. Whether this benefits the young depends on what they do with that time, writes Sam Brazys.
While the troika was happy with the continued implementation of the bailout programme, it warned that “unemployment remains stubbornly high” and turning into a long-term condition.
“The majority of people in this country consume alcohol in a moderate, responsible manner that is entirely compatible with a healthy lifestyle and in line with European norms,” said Kathryn D’Arcy, director of Alcohol Beverage Federation of Ireland.
Some people can no longer afford to drink alcohol, others could be looking after their health, while many have suggested that the reduction in consumption could be related to emigration rates.
So today we want to know what do you think. Have you reduced your alcohol consumption in the past year?
Warmer with clouds and sun
Max: 17 °C
Min: 8 °C
Clouds and sun with a passing shower
Max: 17 °C
Min: 8 °C
