Tagged with: rating agencies


“…all of the adjustments are being done to impress the rating agencies and international capital markets….”

Slí Eile 15/02/2010

Slí Eile: So writes Michael Casey, former chief economist with the Central Bank and currently board member of the International Monetary Fund. He then makes the extraordinary claim that (‘The reputations sent up in smoke’) “..Our Government and the EU Commission have sold out to the rating agencies, none of whom cares about unemployment or …



The root cause of the recession

Paul Sweeney 05/05/2009

Paul Sweeney: Too much competition can be bad. It is heresy to most liberal economists, but the low interest rate and liberalisation of markets did …

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