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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

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Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Watch: Electric Mercedes Worth ?50,000 Explodes After ?Battery Fault? ? Destroying Two Cars Nearby Thu Jun 26, 2025 13:00 | Will Jones
A security camera has captured the moment an electric Mercedes worth ?50,000 exploded in Sheffield due to a ?battery fault?, destroying two other cars parked nearby and trapping the owner in his house: "I could have died."
The post Watch: Electric Mercedes Worth ?50,000 Explodes After ‘Battery Fault’ ? Destroying Two Cars Nearby appeared first on The Daily Sceptic.

offsite link Benefits Bill Will Rise by ?8 Billion Even if Starmer Defeats Rebels, Warns IFS Thu Jun 26, 2025 11:12 | Will Jones
Britain's benefits bill will rise by a further ?8 billion even if Keir Starmer defeats Labour rebels on his flagship welfare reforms, the IFS has warned. Not really a cut, then, more a slightly slower rise.
The post Benefits Bill Will Rise by ?8 Billion Even if Starmer Defeats Rebels, Warns IFS appeared first on The Daily Sceptic.

offsite link The Cancellation of Professor Norman Fenton: Climate and Covid Dissident Thu Jun 26, 2025 09:00 | Tilak Doshi
The treatment of one of our leading mathematicians over his evidence-based dissident views on climate and Covid would have Galileo spinning in his grave, says Tilak Doshi.
The post The Cancellation of Professor Norman Fenton: Climate and Covid Dissident appeared first on The Daily Sceptic.

offsite link An Empirical Study Shows That AI Will Destroy Human Critical Capacity Thu Jun 26, 2025 07:00 | James Alexander
An empirical MIT study has found that ChatGPT and other similar AI systems erode students' capacity to read, write and think critically. This should be obvious, says Prof James Alexander, but we have been warned.
The post An Empirical Study Shows That AI Will Destroy Human Critical Capacity appeared first on The Daily Sceptic.

offsite link News Round-Up Thu Jun 26, 2025 00:52 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

Iceland Out of Recession

category international | eu | other press author Wednesday December 08, 2010 09:57author by Baggie Report this post to the editors

Iceland out of recession reports Guardian.

Burn the Bondholders!

http://www.guardian.co.uk/business/2010/dec/07/iceland-...arter

Iceland exits recession
Decision to force bondholders to pay for banking system's collapse appears to pay off as economy grows 1.2% in third quarter

• Phillip Inman
• guardian.co.uk, Tuesday 7 December 2010 20.18 GMT
Nobel prize winner Paul Krugman has repeatedly called on Ireland, Greece and Portugal to consider leaving the euro area and defaulting on debts. Photograph: Mike Clarke/AFP/Getty Images
Iceland's decision two years ago to force bondholders to pay for the banking system's collapse appeared to pay off after official figures showed the country exited recession in the third quarter.
The Icelandic economy, which contracted for seven consecutive quarters until the summer, grew by 1.2% in the three months to the end of September.
Iceland famously agreed in a referendum to reject a scheme to repay most of its debts that were once worth 11 times its total national income.
In contrast to Ireland, Iceland's taxpayers refused to foot the bill for the debts accumulated by the banking sector. Bondholders were told to accept dramatic reductions in the value of repayments on bank debt after the sector borrowed beyond its means to fund ambitious investments abroad.
The return to growth is likely to put pressure on Irish politicians to explain why Dublin rejected a more radical restructuring of its debts and a departure from the eurozone.
Iceland's currency has fallen by around a quarter, helping its exports.
Economists on the right and left have recommended country deep in debt restructure repayments with bondholders, in effect writing off much of the debt.
Nobel prize winner Paul Krugman (pictured) has repeatedly called on Ireland, Greece and Portugal to consider leaving the euro area and defaulting on debts.
Iceland's recession has proved less severe and shorter than many analysts and the International Monetary Fund had feared.

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