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Archive for 2015

Greek epic points to urgent need for international debt resolution rules

Posted on July 01, 2015 by Sian Crowley

At debts door

by Acting Coordinator Eilis Ryan

This morning Europe woke up to stories of pensioners fainting in the streets of Greece, faced with limited cash flow to banks. They are a glimpse of a humanitarian crisis that the Greek people have faced for some time now – brought on by years of devastating cuts, austerity and unemployment imposed by unaccountable lenders. 

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Ireland one of Walmart's 'tax havens'...

Posted on June 17, 2015 by Sian Crowley

walmart 2

by Policy and Outreach Officer Eamonn Casey

Walmart tax-dodging report highlights need for urgent measures as Europe’s new Action Plan flags future thoughts and possibilities

A new report by Americans for Tax Fairness, which takes the giant American retail store Walmart to task for dodging corporate taxes, includes Ireland as one of the ‘tax havens’ in which the company has subsidiaries but no shops as it seeks “to pay little if any taxes and to maintain financial secrecy.”

Not surprisingly, after the LuxLeaks revelations of an industrial-scale tax avoidance operation in Luxembourg, that country is at the heart of Walmart’s tax avoidance operations – where it has 22 shell companies, five of which were registered in 2015 alone.

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Argentina's vulture problem might soon hit Ireland

Posted on April 08, 2015 by Sian Crowley

Report launch

 

[Photo: Eilis Ryan at the launch of DDCI's report "Towards Justice Centred Debt Solutions", with Andy Storey of UCD, Sotiris Koskoletos of the Nicos Poulantzas Institute, and Jean Somers of LASC. Photo by Ronan Burtenshaw.]

by Acting Coordinator Eilis Ryan 

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Government Misleading Europe about Austerity and Ireland’s Debt Crisis

Posted on March 11, 2015 by Sian Crowley

rory hearne

This blog is written by guest blogger Dr. Rory Hearne, Lecturer in Political and Economic Geography in National University Ireland, Maynooth.

The government is misleading Europe about the reality of austerity and the debt crisis in Ireland so as to avoid admitting that they took the wrong approach with austerity, and their failure to get a meaningful debt deal. The truth is austerity is based on flawed economics and it hasn’t worked in either Ireland, Greece or for Europe and Ireland’s debt is unsustainable.

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UN debt restructuring framework takes off in New York

Posted on March 05, 2015 by Sian Crowley

United Nations Flag

Guest blogger Bodo Ellmers, from our partner organisation Eurodad, gives an overview of developments on debt workout mechanisms at the UN.

 

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Going into an IMF discussion: what is the guide for Ghana?

Posted on January 20, 2015 by Sian Crowley

Ghana Flag

Guest blogger Bernard Anaba writes about the IMF from the Ghana perspective.

 

 

 

This article originally appeared in Ghana's Business and Financil Times and is reprinted here with permission from the author.

 

In the early 2000s Ghana became financially distressed which sent the country into the HIPC initiative. But by 2006, the country seemed to have recovered well by reducing the national debt and sustained growth levels at rates not less than 5% of GDP annually.  And by this time too, a kind of complacency kicked-in alongside the national vision to achieve a middle level income status.

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