May 02, 2013

2012 book / What if Ireland Defaults

Country Studies
Ch. 7. The Russian Crisis and the Crisis of Russia
Constantin Gurdgiev
Ch. 8. Iceland: The Accidental Hero
Elaine Byrne and Huginn F. Þorsteinsson
Ch. 9. Irish Public Debt: A View through the Lens of the Argentine Default
Tony Phillips

Ch. 10. Coring out the Big Apple: New York’s Fiscal Crisis
Sam Roberts
Ch. 11. When Cities Default …
Marc Tomljanovich

Buy it direct from the publisher.
Link to Orpen Press site
Free online chapter of our book "What if Ireland defaults?"
Free online chapter of our book "What if Ireland defaults?"

Posted by Tony Phillips at 09:05 PM | Comments (0)

Publication in

Column: Ireland has no option but to play hardball. So why aren’t we?

(click on the link above to see full article)

[excerpted from]
Terrible task
A small nation taking action against such powerful interests faces a terrible task. Ask the Icelandic people. But continuous inactivity guarantees a world of pain to the Irish people over the decades to come. This syndrome is called illegitimate debt payments. Irish citizens, myself included, first found this new government’s inactivity puzzling. Now it is simply embarrassing. Taking on international private financial interests is not just warranted in these dire situations; it is essential! What is not acceptable is watching the government spend the last few euros of their public’s pension funds to pay off private debts that the public never owed. The patient is gravely ill. The current prognosis: 100% fatality. She needs her health insurance payments.

Posted by Tony Phillips at 08:45 PM | Comments (0)