Workers Solidarity Movement

A CSO report from 2009 revealed that Irish residents own 1251 billion euro worth of foreign stocks and bonds. Over 300 billion of this is invested in the US and 240 billion on Britain. These figures are for stocks and bonds only, they don't include other wealth that Irish residents hold abroad, for instance in the form of property. (Image: from the CSO report).

A battle is brewing between IMPACT cabin crew members and the management of Aer Lingus.  The cabin crew began a work-to-rule action yesterday against changes to rosters by the management which they see as going beyond what the “Greenfield” cost-saving plan had proposed. The IMPACT members will work on the old rosters, will not work on rest days, and will take all breaks and meals due to them. They will also decline to work the Washington/Madrid route. This route is voluntarily undertaken by cabin crew based in Ireland under Irish working conditions.

Leo Varadkar TD an influential Fine Gael politician has called for the implementation of the entire McCarthy report in the coming budget, the introduction of a water tax and the expanding the tax net to take money from low paid workers.

Public Private Partnerships (PPPs), as we’ve been led to believe by those who support them, are ways in which public bodies can share the costs and risk involved in providing public infrastructure such as roads, schools etc. with private sector companies.

But in recent days it has emerged that PPPs entered into for the construction of the M3 motorway and the Limerick tunnel are set to land  the taxpayer with a €100 million bill over the lifetime of the contracts.

The 1% Network has released a video promoting Saturdays tour of the mansions, private banks and clubs of the wealthy 1% in Dublin 2 and 4.

Anglo Irish Bank Boss, Alan Dukes, called for the immediate imposition of a Water Tax on every household in the country, in an RTE interview at the weekend. Dukes enjoys a TDs pension of €45,500, a ministerial pension of €55,000 on top of his undisclosed salary of over €100,000 as bank boss. When asked recently would he give up these pensions in the countrys' interest as he has a extremely well paid job, he answered no.

Within hours of announcing that the real cost of the Anglo bailout was going to be 30 billion plus rather than the 1.5 billion first estimated the government was revealing its plan for further cuts in our pay welfare, and public services to pay for this. The bank bailouts, not totalling 45 billion, will push the budget deficit to 32% of GDP, the government has the intention of continuing to attack the living standards of workers in Ireland until this is reduced to the 3% required by the EU.

On Thursday it was William Slattery of State Street.  Today it’s the chair of Goldman Sachs International “a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.”  And workers and the unemployed are again the target.

William Slattery, Executive vice-president of financial services company State Street and head of its Irish operation has called for 30,000 public servants to be sacked.  Mr. Slattery made his call at a conference to discuss the implementation of the Croke Park agreement.

Minister for Finance Brian Lenihan, Taoiseach Brian Cowen and representatives of the National Treasury Management Agency have spent the time since early Tuesday afternoon boasting about their latest “successful bond auction”.