Christine Lagarde, the IMF boss who caused international outrage after she suggested in an interview with the Guardian on Friday that beleaguered Greeks might do well to pay their taxes, pays no taxes, it has emerged.
As an official of an international institution, her salary of $467,940 (£298,675) a year plus $83,760 additional allowance a year is not subject to any taxes.
The former French finance minister took over as managing director of the IMF last year when she succeeded her disgraced compatriot Dominique Strauss-Kahn, who was forced to resign after he faced charges – later dropped – of sexually attacking a New York hotel maid. Read the rest of this entry »
Archive for May 2012
Paul Krugman Says No to the Austerity Treaty :
NOBEL PRIZE-WINNING ECONOMIST Paul Krugman has advised Irish voters to vote No in Thursday’s referendum on the Fiscal Compact.
“I’ve thought about it, it’s hard. I would say vote No,” he said on BBC Radio 4 this morning. Krugman dismissed the suggestion that a No vote would anger Germany and see Ireland cut off from bailout funds or from the Eurozone.
“At this point the Germans need to face the reality that this cannot work and that the Irish, who’ve been such good soldiers in this crisis, if even the Irish say no then that would actually send a helpful message,” he said.
Read More Here :
Rónán Burtenshawe Replies to Katherine Zappone :
On theJournal.ie on Monday Senator Katherine Zappone established her support for the Fiscal Treaty in an article titled, ‘I’ve always fought for those who have the least. That’s why I’m voting Yes.’ For many of us who are fans of her academic and political work it will have been a disappointing read – laced with conformism, neoliberal logic and uncritical repetition of conventional wisdom which serves the interests of the powerful. The article requires a response – particularly because of its assertion that voting Yes serves the interests of the weakest in Irish society.
More Here :
...they could do worse than read this from Slavoj Žižek on Europe and the Greeks... passed on by Wu Ming for which many thanks...
On the choice between SYRIZA amd the right...
And, as is usually the case when a real choice is on offer, the establishment is in a panic: chaos, poverty and violence will follow, they say, if the wrong choice is made.
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European ATTAC Network Declares "we have to break with the neoliberal monetary order"
“Accept austerity or face chaos”. This is the message sent by European leaders – such as José Manuel Barroso, Angela Merkel, Mario Draghi – to the Irish and Greek peoples.
Anglo Irish 3 Billion Euro Deal in Tatters? Looks like Michael Noonan is in a Deep Hole and Is Still Digging
A reminder that tax is only for little people :
From the British Guardian :
Christine Lagarde, scourge of tax evaders, pays no tax
IMF boss who caused international outrage when she suggested that Greeks should pay their taxes earns a tax-free salary
CAAT Newspaper Advertisement:
European ATTAC Network Declares “we have to break with the neoliberal monetary order”
“Accept austerity or face chaos”. This is the message sent by European leaders – such as José Manuel Barroso, Angela Merkel, Mario Draghi – to the Irish and Greek peoples. Read the rest of this entry »
Three major trade unions with combined membership of more than 100,000 have issued a strong call to vote no in Thursday’s referendum on what they are calling the austerity treaty.
The Civil and Public Service Union (CPSU), Mandate and UNITE trade unions represent workers across the private and public sector and a wide range of industries from retail to transport and finance.
UNITE Regional Secretary Jimmy Kelly said:
“The Treaty is only about austerity and does not have any provisions relating to growth.”
“It has been rushed in as a panic measure. No less than ten Euro zone countries have now slipped back into recession.”
“The problem with the treaty is that it enshrines the very policies that have caused that recession to get deeper and more damaging.”
“Ireland has a chance to say No, and to pull Europe back from the brink of economic self harm it has been engaged in to disastrous effect over the past three years.”
Mandate General Secretary, John Douglas said that the Fiscal Treaty if passed will not create one job:
“On the contrary it will legally lock down Irish economic activity at its current levels, and may even shrink domestic demand further leading to mass unemployment, decades of emigration and sow the seeds for future social conflict.
“This Treaty has nothing to do with ‘good housekeeping’ or ‘managing the household budget’; it is about copper fastening into an internationally legally binding agreement, decades of austerity, social exclusion, mass long term unemployment and emigration – and a continuation of attacks on workers’ rights and the welfare system. It is not about what is good for Irish citizens, or the citizens of Europe, it is a treaty of the Right for the Right!”
CPSU General Secretary Eoin Ronayne said:
“The Treaty amounts to writing into law the failed policies of the neo liberals who got us into the mess we are in.”
“Why on earth would lower and middle income people vote to make their lives even worse than they already are”
“What the ordinary citizens of the EU need is a sustained and comprehensive growth package putting money back into their pockets so that they can spend in their local economies generating jobs and protecting existing employment”
“Nothing in this Treaty will do that and a NO vote is the only way for people to stand up and say we’ve had enough of what got us into this crisis and that it’s time for change”
Each of the three unions has been working with activists and workplace representatives to encourage debate among members and present a balance to the government messaging that there is no choice but to say yes. Read the rest of this entry »
Michael Burke, writing in the Irish Left Review says
There are many reasons to vote No in the forthcoming Treaty on the austerity pact. One of them is that it is simply unworkable
More Here :
Austerity Treaty is a Bondholders Charter – Life before Debt – no payment to bondholders while our people go hungry
Campaign Against the Austerity Treaty.
Press statement – 28-5-2012 – immediate release.
Austerity Treaty is a Bondholders Charter
Life before Debt – no payment to bondholders while our people go hungry.
Vote No to the bankers treaty.
Campaigners for a No vote today protested against the payment of €2.25 in bonds by state-owned AIB, saying the Treaty would institutionalise this anti-social policy.
Brendan Young said:
“AIB has had a €20 billion bailout from the Irish state and is effectively 98% state owned. AIB will today pay out €2.25 billion in a bond payment. Speculators were buying AIB bonds for 52 cents last November – so these anonymous bondholders will make a huge profit when they’re paid in full today.
Meanwhile, St. Vincent de Paul report that 20,000 people called them for help getting food last year. Why is this government letting bondholders be paid by a bank that it owns, while our people go hungry, lie waiting on hospital trolleys and languish on the dole? Read the rest of this entry »