Irish Constitution Used To Defeat House Repossession

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Learn how the local sherrif who came with a repossesion order from the bank was defeated by the Irish Constitution. Under the constitution, nobody is allowed on your property unless by permission or if you break the law.

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Trokia Start Asset Strip Of Ireland

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Ah well, it was only a matter of time, but today was officially announced by Minister for hardshipReform, Brendan Howlin that Ireland would begin the process of selling off the crown jewels. They hope to raise in the region of €3 billion. When you put that in context,  Ireland currently owes €120 billion, so its it won’t make the slightest dent in the banker’s bill that Ireland has been handed. And saving the best for last, they would not be sold off cheaply but would start to be sold next year. As if things are going to get better 😉 The following were announced by the minister:

THE GOVERNMENT is planning to sell off parts of the ESB and Bord Gais in a bid to raise €3bn – €1bn of which will be put towards job creation.

Stake in National Electricity and Gas companies

However, the strategically important networks of both companies, which carry gas and electricity, will be remain in State control.
In the case of Bord Gais, the company’s energy business, excluding its gas transmission and distribution systems and two gas interconnectors, are for sale.
Some of ESBs non-strategic power generation capacity has also been put on the block but the Government has held back on selling a minority stake in the firm.

National Forestry

Other sales include some forests owned by Coillte but not the land on which they are planted.

Stake in National Airline

In addition, the remaining state-controlled stake in Aer Lingus will be sold when conditions are favourable and the stock market price is acceptable to the Government.

Greece Default Update From The Slog

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Last week “The Slog” reported that the Greeks were due to officially be declared in default by the rating agencies on March 23. Today Fitch downgraded Greece to C from CCC but his sources have since clarified further information:

“The main bond swap is scheduled for March 10,” a Washington insider told me within the last hour, “and at that point, they [Fitch] will name the event as a technical default. So now everyone wants to know what the ramifications are for insurance. That’ll depend on what deal, say, Hedge Funds have signed with specific insurers. But you could certainly speculate that some insurance will be triggered.”

And then to add insult to injury for the Greek people, it looks like their general election is to be postponed.

Meanwhile, following the Greek Environment minister’s suggestion that the elections in Greece be further postponed, there is widespread speculation in Athens that Goldman Sachs implant Prime Minister Lucas Papademos is under pressure to announce this formally.

Greek Workers To Work For Free

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Seems like a trend that has taken off from the US to the UK and now in Greece where they are being asked to work for free. In other countries its nicely wrapped up in the guise of gaining work experience but not so in Greece. Then again, there is no requirement to look after the people’s interest as long as the technocrats run the show.

Salary cutbacks (called “unified payroll”) for contract workers at the public sector set to be finalized today. Cuts to be valid retroactively since november 2011. Expected result: Up to 64.000 people will work without salary this month, or even be asked to return money. Amongst them 21.000 teachers, 13.000 municipal employees and 30.000 civil servants.

Click here to read similar story from the UK. 


Nightshift Work – Pay Zero

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Want a night-shift job and work for free? Well its yours in Tesco in the UK. After the below advert, there was a major backlash from the public over the Government’s “Workfare scheme”. As the UK unemployment rate has soared, Tesco has taken their opportunity to take advantage of cheap labour. The good news is people power is having an affect.

Several high street names, including Waterstones and Sainsbury’s, have already pulled out of the workfare scheme after trade unions branded the use of unpaid workers ‘unfair’.

The GMB said it was ‘essential to maintain the distinction between employment and unemployment’, adding: ‘Employment means getting paid for doing work that the employer needs to be done. There is absolutely no justification for using jobless people to do these jobs and paying them nothing.’

Applicants for the unpaid jobs are paid the standard rates of Jobseekers’ Allowance – £53.45 a week for under-25s, £67.50 for older staff. If they refuse to complete the work they risk losing their benefits.


It gets better. If you think the UK Government had contempt only for the unemployed, check out the plans they had for the sick and disabled.

Meanwhile, it has emerged that up to 300,000 long-term sick and disabled could be forced into unpaid work under plans drawn up by the Department for Work and Pensions.

But the proposals have been met with criticism from charities and mental health experts who suggest forcing people to do even a limited amount of work could be detrimental to their health, the Guardian reports.

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