tag:blogger.com,1999:blog-5004730508631468243.post5215451606899554071..comments2024-03-23T10:20:15.689+00:00Comments on Léargas: Kenny is not listeningMáirtín Ó Muilleoirhttp://www.blogger.com/profile/15088662505129211196noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5004730508631468243.post-43346787511672841752011-07-21T03:21:45.246+01:002011-07-21T03:21:45.246+01:00You paint a dark picture Gerry. Man lives in a sun...You paint a dark picture Gerry. Man lives in a sunlit world of what he believes to be reality. All this seems like so much ambiguous economic nomenclatureNot. As only this prescription make more debt to pay interest on old debt, but the process of borrowing and “consolidating” debt with this comes devastating social and political, impose “fiscal austerity measures.”<br /> The debt levels were assessed as a percentage of GDPIreland at 81% in 2010 and 93% in 2011. Debt levels are likely to continue to dramatically increase, as, “in many countries, employment and growth are unlikely to return to their pre-crisis levels in the foreseeable future. The true crisis is “an international banking crisis.” Global banks are insolvent. The middle class cannot survive the perfect storm of fiscal austerity, increased interest rates, inflation and ‘Structural Adjustment.’ Creating a massive global social, political, and economic crisis this massive global social, political, and economic crisis. The world is globalizing, in terms of power structures,as in terms of ideational structures and Ireland must look with a clear eye for its ideal stability.Timothy Doughertyhttps://www.blogger.com/profile/03626399091447383952noreply@blogger.com