Ireland “Especially Exposed” To “International Shocks” Warns Central Bank

Ireland remains especially exposed to another financial shock because of the extremely high levels of public and private debt, the open nature of the economy, and Brexit, Irish Central Bank Governor Philip Lane has warned in a pre-budget letter to Minister for Finance, Michael Noonan.

“Ireland is especially exposed due to the legacy of high public and private debt levels, the sensitivity of small, highly-open economies to international shocks and Brexit-related vulnerabilities,” Ireland’s Central Bank Governor said.

The letter was covered in the Irish Independent, Irish Times and Irish Examiner. This is something we covered in our interview with Max Keiser last week – see here. Continue reading

Is Europe on the verge of demographic collapse?

A spectre is haunting Europe – the spectre of demographic suicide. Although the consequences of such a turnout could not be more serious, the problem attracts little public attention – indeed, most people may not even be aware of it. And experts can neither explain the cause nor prescribe a reliable remedy. The story is outlined in Population and Public Policy: Essays in Honour of Paul Demeny, published by the New York-based Population Council (2013). Continue reading