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.
A DEEP DIVIDE has been revealed among the leaders at the G8 summit over how to deal with the ongoing conflict in Syria.
The US has indicated it wants to arm Syria’s rebels, while Russia remains in staunch opposition to the plan. Others, including Britain and France, are reluctant to make a decision just yet. However, President Francois Hollande asked:
How can you allow Russia to continue to send weapons to the regime of Bashar al-Assad while the opposition gets so few weapons?
At least 93,000 people have been killed in the two-year civil war as rebels struggle to overtake Bashar Assad’s forces who are strengthened by support from Hezbollah, Iran and Russia.
On Sunday, Putin argued his position: “One hardly should back those who kill their enemies and, you know, eat their organs,” referencing a video purportedly showing a rebel commander committing an act of cannibalism. “Do we want to support these people? Do we want to supply arms to these people?”
Today we ask: Should international powers arm Syria’s rebels?
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