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From Puerto Rico to the Dublin Docklands, Vulture funds and debt in Ireland and the Global South

27 March 2017 - by Debt and Development Coalition Ireland

Vulture funds have become familiar to those concerned with debt justice over recent decades. Because of their speculative strategies and negative impacts on sovereign debt restructuring, they have come to symbolize the highly unequal and unjust (...)
Irish “rescue”: 67.5 bn of bail-out loans, 89.5 bn to banks

4 January 2014 - by Attac Europe

On December 15, Ireland became the first country to exit the „rescue” program by the troika of EU Commission, European Central Bank (ECB) and International Monetary Fund (IMF). While Europe’s political elites sell Ireland as a success story, Attac (...)
We won’t give up the fight for international debt justice

7 November 2013 - by Nessa Ní Chasaide

This Saturday and Sunday, to mark debt justice group Debt and Development Coalition Ireland’s 20th anniversary, local and international debt campaigners will converge in Ballyhea and Charleville, Co Cork. In this intense period of global (...)
Press release Debt Justice Action: Anglo: Not Our Debt Campaign

Campaigners call on government not to replace promissory notes with sovereign bond

24 September 2012 - by Anglo: Not Our Debt Campaign

The Anglo: Not Our Debt campaign has warned the government against replacing the Anglo promissory note payments with a long-term sovereign bond. Campaign spokesperson Niamh McCrea described the debt as “illegitimate – it was accrued to pay off (...)
The debt crisis and the fiscal treaty referendum in Ireland

18 June 2012 - by Andy Storey

The fiscal treaty was voted on in a referendum in Ireland on 31st May and was approved by a margin of 60% to 40% (with a turnout of barely 50% of eligible voters). To understand the significance of the treaty and the referendum result, it is (...)
Press Release

Irish Campaign supports ECB protest in Frankfurt

The Anglo: Not Our Debt campaign has lent its support to a protest taking place today at the European Central Bank (ECB) by Irish groups and individuals demanding debt justice. Campaign spokesperson Andy Storey said that the protest was (...)
Campaign Against the Austerity Treaty

Irish People Bullied into Voting Yes – An Explicit Campaign of Blackmail Waged against Potential ‘No’ Voters

Campaign Against the Austerity Treaty Press statement – June 1 – immediate release Irish people bullied into voting Yes Referendum result is not a mandate for home and water taxes Labour’s way IS Frankfurt’s way The government and the EU (...)
Ireland: Why to vote NO to the referendum?

11 May 2012 - by Andy Storey

"The fiscal treaty would lead to deeper cutbacks, tax increases and economic recession. The treaty stipulates that Ireland has to cut its ‘structural deficit’ to 0.5 per cent of GDP. The government says that this deficit will be 3.7 per cent in (...)
Household tax revolt the price of years of austerity

11 May 2012 - by Ruth Coppinger

OPINION: Ordinary Irish people are being offered permanent austerity while the top 300 have increased their wealth by €12 billion, writes RUTH COPPINGER For any serious commentator this isn’t simply about €100. It is Ireland’s response to four (...)
Press Release

Anglo campaigners ’appease the ECB gods’ on week of equinox

21 March 2012 - by Anglo: Not Our Debt Campaign

On the week of the Equinox, community activists and residents from Dublin 7 and Dublin 12 have organised mock “equinox sacrifices” to “appease the ECB gods”. The campaign is calling for the Anglo “promissory note” payment of €3.1 billion, due on March (...)
The Vampire Treaty and the Irish Referendum

9 March 2012 - by Andy Storey

The Irish referendum on the new fiscal treaty is not about Ireland’s membership in the eurozone. Rather, it is a vote for or against permanent austerity in Ireland. After the release of the new Fiscal Treaty, Angela Merkel said “The debt brakes (...)
Ireland. Anglo is Not Our Debt! Stop the Repayments!

People in Ireland have joined millions of people worldwide repaying unjust and illegitimate ‘debts’. Ireland’s repayments of the now dead Anglo-Irish Bank’s debts could reach over €47 billion by 2031 if the repayments are not suspended! That’s over (...)
Zombie banks are dragging Ireland into the ground

25 January 2012 - by Nick Dearden

Just like many African nations, Ireland’s debts must be cancelled or a ’financial bomb’ will go off in its most deprived communities Activists more accustomed to campaigning against the debts of countries like Zimbabwe, Egypt, Ecuador and (...)
Interview of Andy Storey (Action from Ireland – AFRI) by Virginie de Romanet (CADTM)

22 November 2011 - by Virginie de Romanet, Andy Storey

Virginie de Romanet (VDR): I have recently read the report on irish debt audit since the 2008 crisis and banks rescue –report which I found quite technical - and I was surprised to see nothing there on illegitimacy. Andy Storey (AS): That was (...)
Ireland’s Debt Crisis: Roots and Reactions

22 November 2011 - by Andy Storey

The collapse of the Irish economy has come as a particular shock to many people, at home and abroad, because of its seemingly remarkable success in the preceding years, the period of very rapid economic growth that saw the country, from the (...)
An Audit of Irish Debt

Summary This is an audit of Irish sovereign debt, and as such seeks to quantify and explain the debts, both real and contingent, for which the Irish people have become responsible. As such, our main focus is bonds issued directly by the Irish (...)
Repaying bondholders while immiserating people: Ireland’s EU-IMF programme

16 January 2011 - by Andy Storey

Ireland has been a member of the IMF since 1957. Despite ongoing calls from global justice groups for Ireland to help reform the undemocratic governance of the IMF and end the damaging impact of the IMF’s policy conditions, the country has failed (...)
The Irish crisis: a complete failure for neo-liberalism

3 January 2011 - by Eric Toussaint

For a decade, Ireland was heralded by the most ardent partisans of neo-liberal capitalism as a model to be imitated. The Celtic Tiger had a higher growth rate than the European average. Tax rate on companies had been reduced to 12.5% and the (...)
A Global Justice Perspective on the Irish EU-IMF Loans: Lessons from the Wider World

23 December 2010 - by Debt and Development Coalition Ireland

This document outlines lessons from the global debt justice movement, provides a background to the Irish EU‐IMF loans (up to the 28th November 2010), and offers some recommendations based on these lessons from DDCI. It also flags up (...)
Private debt, public pain: lessons for Ireland

23 December 2010 - by Nick Dearden

Barely twenty four hours after Ireland’s parliament voted through the multibillion euro EU and IMF “rescue” package, Ireland’s credit rating had been slashed, after the rating agency Moody’s expressed concern that Ireland’s severe downturn would (...)