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

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Human Rights in Ireland
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The post Macron Blames Starmer for Migrant Crisis appeared first on The Daily Sceptic.

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The post The Lord?s Prayer Still Most Recognised Text in English Language appeared first on The Daily Sceptic.

offsite link The ?Fair Trials for Grooming Gangs? Protests Are a Disgrace Wed Jul 09, 2025 07:00 | Laurie Wastell
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The post The ‘Fair Trials for Grooming Gangs’ Protests Are a Disgrace appeared first on The Daily Sceptic.

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The post News Round-Up appeared first on The Daily Sceptic.

offsite link Junior Doctors?to Strike Until January 2026 to Demand 29% Pay Rise ? Despite Receiving 22% Last Year Tue Jul 08, 2025 19:00 | Will Jones
Junior doctors?have voted to strike until January 2026 to demand a 29% pay rise, despite receiving a 22% rise last year, in a move that will see thousands of NHS appointments and operations cancelled.
The post Junior Doctors?to Strike Until January 2026 to Demand 29% Pay Rise ? Despite Receiving 22% Last Year appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

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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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