This is not an IMF bailout but end to ECB life support

  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'audio:block_1:results:ff0db4c55a037059c3695f66cdcd5d34' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:6:{i:0;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"4754\";s:10:\"node_title\";s:65:\"Interviw from ICTU Feb 2009 march against job losses and pay cuts\";s:7:\"_random\";s:20:\"0.006350734277023686\";}i:1;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"3960\";s:10:\"node_title\";s:53:\"Report: Anarchism and Class Struggle in Latin America\";s:7:\"_random\";s:20:\"0.009873098702983092\";}i:2;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"4862\";s:10:\"node_title\";s:31:\"Palestine & womens rights audio\";s:7:\"_random\";s:20:\"0.010782917040198034\";}i:3;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"7680\";s:10:\"node_title\";s:40:\"The relevance of anarcha- feminism today\";s:7:\"_random\";s:19:\"0.01278024447409459\";}i:4;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"4847\";s:10:\"node_title\";s:54:\"Feedback on the 2009 anarchist bookfair from attendees\";s:7:\"_random\";s:19:\"0.01447941177941804\";}i:5;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"8683\";s:10:\"node_title\";s:91:\"Rojava: Eyewitness to a women\'s revolution - report back from a May 2018 trip at #DABF 2018\";s:7:\"_random\";s:20:\"0.015111063621110343\";}}s:10:\"total_rows\";i:166;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:6;s:7:\"element\";i:0;s:6:\"offset\";i:0;s:12:\"current_page\";i:0;}}', created = 1566499664, expire = 1566499964, headers = '', serialized = 1 WHERE cid = 'audio:block_1:results:ff0db4c55a037059c3695f66cdcd5d34' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'audio:block_1:output:24dc3c2708e324dd25ae088223981048' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:4:{s:4:\"head\";s:0:\"\";s:3:\"css\";a:0:{}s:2:\"js\";a:0:{}s:6:\"output\";s:2156:\"<div class=\"view view-audio view-id-audio view-display-id-block_1 view-dom-id-2\">\n \n \n \n <div class=\"view-content\">\n <div class=\"views-row views-row-1 views-row-odd views-row-first\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/content/audio-ictu-march-feb-2009\" title=\"Interviw from ICTU Feb 2009 march against job losses and pay cuts\">Interviw from ICTU Feb 2009 march against job...</a></span>\n </div>\n </div>\n <div class=\"views-row views-row-2 views-row-even\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/anarchism-class-struggle-latin-america\" title=\"Report: Anarchism and Class Struggle in Latin America\">Report: Anarchism and Class Struggle in Latin...</a></span>\n </div>\n </div>\n <div class=\"views-row views-row-3 views-row-odd\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/content/palestine-womens-rights-audio\">Palestine &amp; womens rights audio</a></span>\n </div>\n </div>\n <div class=\"views-row views-row-4 views-row-even\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/relevance-anarcha-feminism-today\">The relevance of anarcha- feminism today</a></span>\n </div>\n </div>\n <div class=\"views-row views-row-5 views-row-odd\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/content/feedback-bookfair-attendees\" title=\"Feedback on the 2009 anarchist bookfair from attendees\">Feedback on the 2009 anarchist bookfair from...</a></span>\n </div>\n </div>\n <div class=\"views-row views-row-6 views-row-even views-row-last\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/rojava-eyewitness-womens-revolution-dabf2018\" title=\"Rojava: Eyewitness to a women&#039;s revolution - report back from a May 2018 trip at #DABF 2018\">Rojava: Eyewitness to a women&#039;s revolution...</a></span>\n </div>\n </div>\n </div>\n \n \n \n \n<div class=\"more-link\">\n <a href=\"/anarchism/audio\">\n more </a>\n</div>\n \n \n \n</div> \";}', created = 1566499664, expire = 1566499964, headers = '', serialized = 1 WHERE cid = 'audio:block_1:output:24dc3c2708e324dd25ae088223981048' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'wsm_only:block_1:results:692e0a14e0b7ab966d18830fa49232e2' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:6:{i:0;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8695\";s:10:\"node_title\";s:59:\"The housing crisis in Ireland - 8 points on the big picture\";s:21:\"node_revisions_teaser\";s:745:\"<p><img alt=\"\" src=\"/sites/default/files/HousingMarch.jpg\" style=\"width: 400px; height: 320px; margin: 3px; float: right;\" />The WSM has been having a &#39;big picture&#39; discussion around the housing crisis from which the following points emerged. We are publishing them ahead of the December 1st demonstration in Dublon (14.00 Parnell square).</p>\r\n<p>1. We built our cities and the houses of our cities. They are ours, not to slave in, but to master and to own*.</p>\r\n<p>2. The contemporary crisis of capitalism has made markedly visible the relationship between finance capital and property speculation, between the concentrated money-power of bankers and speculators and the shaping of the built environment in our towns and cities.</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1543494053\";}i:1;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8679\";s:10:\"node_title\";s:25:\"DABF Safer spaces policy \";s:21:\"node_revisions_teaser\";s:593:\"<div>\r\n This policy applies to the bookfair, the fundraising afterparty, the meeting spaces and online spaces. This policy is made in order to create an environment to foster free discussion and sharing of ideas, those engaging in abusive or oppressive behaviour will be asked to leave the space. We encourage all attendees to be aware of this policy, and to report to book-fair volunteers if they observe people engaging in abusive or oppressive behaviour.</div>\r\n<div>\r\n &nbsp;</div>\r\n<div>\r\n We define the following as abusive behaviours which are not tolerated in this space;</div>\r\n<div>\r\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1536841535\";}i:2;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8675\";s:10:\"node_title\";s:47:\"Get your Dublin Anarchist Bookfair 2018 T-shirt\";s:21:\"node_revisions_teaser\";s:310:\"<p><strong>Get your Dublin Anarchist Bookfair t-shirt! [ONLINE SALES ARE NOW CLOSED]</strong><br />\r\n <img alt=\"\" src=\"/sites/default/files/Womens%20tee.jpg\" style=\"width: 300px; height: 300px;\" />&nbsp;&nbsp;<img alt=\"\" src=\"/sites/default/files/Mens%20tee_0.jpg\" style=\"width: 300px; height: 300px;\" /></p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1536010979\";}i:3;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"6387\";s:10:\"node_title\";s:97:\"12th Dublin Anarchist Bookfair - 14th & 15th September 2018 - Teachers Club 35 Parnell sq & Wynns\";s:21:\"node_revisions_teaser\";s:745:\"<p><img alt=\"\" src=\"/sites/default/files/DABF_FB_Event.png\" style=\"width: 350px; height: 195px; margin: 3px; float: right;\" />The 12th Dublin Anarchist Bookfair took place on the 15th September 2018 at the Teachers Club 35 Parnell square and on the evening of the 14th at Wynns hotel. &nbsp;Every year hundreds of people attend the Dublin Anarchist Bookfair for a day of inspiring discussions and the opportunity of meeting lots of other radicals, browsing books and meeting campaigns.</p>\r\n<p>We will be uploading about a dozen audio and video recordings of the panels at the bookfair, follow us on Twitter or Facebook to get notification of new uploads or check&nbsp;<a href=\"https://www.wsm.ie/anarchist-bookfair\">Anarchist bookfair</a></p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1528363710\";}i:4;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8642\";s:10:\"node_title\";s:51:\"8 reasons we are voting Yes to Repeal the hated 8th\";s:21:\"node_revisions_teaser\";s:375:\"<p class=\"rtecenter\"><img alt=\"\" src=\"/sites/default/files/Repeal8thWSMbannerthin.jpg\" style=\"width: 650px; height: 307px; margin: 3px;\" /></p>\r\n<p>On May 25th we finally get to vote to Repeal the hated 8th amendment. &nbsp;Here we present the 8 reasons we are voting Yes to Repeal along with many of the articles we have published on the issue in recent months. &nbsp;</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1527172249\";}i:5;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8639\";s:10:\"node_title\";s:52:\"What Happened When Portugal Decriminalised Abortion?\";s:21:\"node_revisions_teaser\";s:970:\"<p dir=\"ltr\"><strong>With the referendum to repeal the 8th <strong><img alt=\"\" src=\"/sites/default/files/portugal%20abortion%20pic.png\" style=\"height: 341px; width: 400px; border-width: 1px; border-style: solid; margin: 3px; float: right;\" /></strong>amendment on May 25th drawing nearer, it&rsquo;s with great interest that we look at the experience of other countries which have struggled against an abortion ban like ours, to learn from the lessons of the campaign, and to &lsquo;look into the future&rsquo;, as it were, and see the result of decriminalising abortion. As such, here are some brief notes on Portugal.</strong></p>\r\n<p dir=\"ltr\">On 11th February 2007, in a national referendum, the Portuguese voted in favor of the decriminalization of the &quot;voluntary interruption of the pregnancy&quot; (VGI). It was the end of more than 30 years of struggles, advances and retreats, with many public debates dividing several quarters of Portuguese society.</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1525798800\";}}s:10:\"total_rows\";i:1579;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:6;s:7:\"element\";i:0;s:6:\"offset\";i:0;s:12:\"current_page\";i:0;}}', created = 1566499664, expire = 1566499964, headers = '', serialized = 1 WHERE cid = 'wsm_only:block_1:results:692e0a14e0b7ab966d18830fa49232e2' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:4:{s:4:\"head\";s:0:\"\";s:3:\"css\";a:0:{}s:2:\"js\";a:0:{}s:6:\"output\";s:3201:\"<div class=\"view view-wsm-only view-id-wsm_only view-display-id-block_1 view-dom-id-4\">\n \n \n \n <div class=\"view-content\">\n <div class=\"views-row views-row-1 views-row-odd views-row-first\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/housing-crisis-notes-big-picture-ireland\" title=\"The housing crisis in Ireland - 8 points on the big picture\">The housing crisis in Ireland - 8 points on the big...</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">The WSM has been having a &#39;big picture&#39; discussion around the housing crisis...</span>\n </div>\n </div>\n <div class=\"views-row views-row-2 views-row-even\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/dabf-safer-spaces-policy\" title=\"DABF Safer spaces policy \">DABF Safer spaces policy</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">\n This policy applies to the bookfair, the fundraising afterparty, the meeting spaces...</span>\n </div>\n </div>\n <div class=\"views-row views-row-3 views-row-odd\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/get-your-dublin-anarchist-bookfair-2018-t-shirt\">Get your Dublin Anarchist Bookfair 2018 T-shirt</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">Get your Dublin Anarchist Bookfair t-shirt! [ONLINE SALES ARE NOW CLOSED]\n &nbsp;&nbsp;</span>\n </div>\n </div>\n <div class=\"views-row views-row-4 views-row-even\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/dublin-anarchist-bookfair-latest\" title=\"12th Dublin Anarchist Bookfair - 14th &amp; 15th September 2018 - Teachers Club 35 Parnell sq &amp; Wynns\">12th Dublin Anarchist Bookfair - 14th &amp; 15th...</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">The 12th Dublin Anarchist Bookfair took place on the 15th September 2018 at the...</span>\n </div>\n </div>\n <div class=\"views-row views-row-5 views-row-odd\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/8-reasons-vote-yes-to-repeal\">8 reasons we are voting Yes to Repeal the hated 8th</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">\nOn May 25th we finally get to vote to Repeal the hated 8th amendment. &nbsp;Here we...</span>\n </div>\n </div>\n <div class=\"views-row views-row-6 views-row-even views-row-last\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/what-happened-portugal-decriminalised-abortion-anarchism\">What Happened When Portugal Decriminalised Abortion?</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">With the referendum to repeal the 8th amendment on May 25th drawing nearer, it&rsquo;s...</span>\n </div>\n </div>\n </div>\n \n \n \n \n<div class=\"more-link\">\n <a href=\"/all\">\n more </a>\n</div>\n \n \n \n</div> \";}', created = 1566499664, expire = 1566499964, headers = '', serialized = 1 WHERE cid = 'wsm_only:block_1:output:30e25f9bd85c357eb10c6c886f8c678d' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'not_wsm:block_1:results:6f171fd0922b167e997398452392a596' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:6:{i:0;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8692\";s:10:\"node_title\";s:57:\"No LNG terminal on the Shannon - Climate Change & Methane\";s:21:\"node_revisions_teaser\";s:786:\"<p>We interviewed William Hederman, an environmental researcher living in County Clare, about the planned Liquefied Natural Gas terminal on the Shannon. Construction of it will mean Ireland will fail to meet its Climate Change commitments and will instead be tied into pumping out additional Greenhouse Gases for decades. As the LNG will come from the US it will includes fracked gas, a process banned in Ireland that releases three times as much of the very powerful Climate Change gas methane as conventional gas. [<a href=\"https://youtu.be/iO960KeoaHE\">video</a>]</p>\r\n<p><iframe allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\" frameborder=\"0\" height=\"315\" src=\"https://www.youtube.com/embed/iO960KeoaHE\" width=\"560\"></iframe></p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1542897581\";}i:1;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8687\";s:10:\"node_title\";s:30:\"Moral philosophy and abortion \";s:21:\"node_revisions_teaser\";s:1167:\"<p><img alt=\"\" src=\"/sites/default/files/Philosophers.jpg\" style=\"width: 400px; height: 309px; margin: 3px; float: right;\" />The debate around abortion is sometimes characterised as an opposition between the morals of the church and personal morals. But is this an accurate description? Moral philosophy can broadly be defined as the branch of philosophy that contemplates what is right and wrong. It explores the nature of morality and examines how people should live their lives in relation to others. But a closer look at what characterises moral philosophy leads to the conclusion that while the expression &ldquo;relying on personal morals&rdquo; may come across as a useful shortcut to describe what the pro-choice stance is about, it is also a misuse of moral terminology which has the effect of casting a positive light on moral philosophy, rather than helping us come to terms with the deeply problematic nature of this field. As I hope to make clear, arguments in favour of abortion rights are rooted in anti-authoritarianism whereas moral philosophy can only exist as a rhetorical tool of authoritarianism (even when it is used with good intentions).</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1538146665\";}i:2;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8686\";s:10:\"node_title\";s:88:\"Let Them Drown: Climate Change is War - and Wall Street is Winning audio from #DABF 2018\";s:21:\"node_revisions_teaser\";s:587:\"<p>This audio is an independently organised panel from the 2018 Dublin Anarchist Bookfair on the bleak reality of climate change and its intersections with financial capitalism, state politics and migration. [<a href=\"https://www.mixcloud.com/workerssolidarity/climate-change-is-war-and-wall-street-is-winning-audio-from-dabf-2018/\">audio</a>]</p>\r\n<p><iframe frameborder=\"0\" height=\"120\" src=\"https://www.mixcloud.com/widget/iframe/?hide_cover=1&amp;light=1&amp;feed=%2Fworkerssolidarity%2Fclimate-change-is-war-and-wall-street-is-winning-audio-from-dabf-2018%2F\" width=\"100%\"></iframe>\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1538128457\";}i:3;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8685\";s:10:\"node_title\";s:99:\"Ending Direct Provision: Migrant Voices speak out about the Asylum process in Ireland at #DABF 2018\";s:21:\"node_revisions_teaser\";s:765:\"<p>People currently in Direct Provision talk about the dehumanising conditions and the large profits being made out of their suffering by the companies that own the direct provision centres. People don&rsquo;t understand why we ended up in Direct Provision, we hope to bring our stories out of the shadows of Irish society. [<a href=\"https://www.mixcloud.com/workerssolidarity/ending-direct-provision-migrant-voices-speak-out-about-the-asylum-process-in-ireland-at-dabf-2018/\">audio</a>]</p>\r\n<p><iframe frameborder=\"0\" height=\"120\" src=\"https://www.mixcloud.com/widget/iframe/?hide_cover=1&amp;light=1&amp;feed=%2Fworkerssolidarity%2Fending-direct-provision-migrant-voices-speak-out-about-the-asylum-process-in-ireland-at-dabf-2018%2F\" width=\"100%\"></iframe></p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1537883979\";}i:4;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8684\";s:10:\"node_title\";s:66:\"How my politics is intersectional - audio from panel at 2018 #DABF\";s:21:\"node_revisions_teaser\";s:634:\"<p>Panel from the 2018 Dublin Anarchist bookfair on the intersection between race politics, class and gender in Ireland with a particular focus on the current housing struggles and the Together for Yes referendum campaign / Repeal movement. [<a href=\"https://www.mixcloud.com/workerssolidarity/how-my-politics-is-intersectional-panel-at-2018-dublin-anarchist-bookfair/\">audio</a>]</p>\r\n<p><iframe frameborder=\"0\" height=\"120\" src=\"https://www.mixcloud.com/widget/iframe/?hide_cover=1&amp;light=1&amp;feed=%2Fworkerssolidarity%2Fhow-my-politics-is-intersectional-panel-at-2018-dublin-anarchist-bookfair%2F\" width=\"100%\"></iframe></p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1537536634\";}i:5;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"8683\";s:10:\"node_title\";s:91:\"Rojava: Eyewitness to a women\'s revolution - report back from a May 2018 trip at #DABF 2018\";s:21:\"node_revisions_teaser\";s:597:\"<p>The 12th Dublin anarchist bookfair heard this account from Wendy, a Human Rights &amp; immigration lawyer who visited Rojava in May 2018 as part of a fact finding delegation. [<a href=\"https://www.mixcloud.com/workerssolidarity/rojava-eyewitness-to-a-womens-revolution-report-back-from-a-may-2018-trip-at-dabf-2018/\">audio</a>]</p>\r\n<p><iframe frameborder=\"0\" height=\"120\" src=\"https://www.mixcloud.com/widget/iframe/?hide_cover=1&amp;light=1&amp;feed=%2Fworkerssolidarity%2Frojava-eyewitness-to-a-womens-revolution-report-back-from-a-may-2018-trip-at-dabf-2018%2F\" width=\"100%\"></iframe></p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:12:\"node_created\";s:10:\"1537442594\";}}s:10:\"total_rows\";i:807;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:6;s:7:\"element\";i:0;s:6:\"offset\";i:2;s:12:\"current_page\";i:0;}}', created = 1566499664, expire = 1566499964, headers = '', serialized = 1 WHERE cid = 'not_wsm:block_1:results:6f171fd0922b167e997398452392a596' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:4:{s:4:\"head\";s:0:\"\";s:3:\"css\";a:0:{}s:2:\"js\";a:0:{}s:6:\"output\";s:3528:\"<div class=\"view view-not-wsm view-id-not_wsm view-display-id-block_1 view-dom-id-5\">\n \n \n \n <div class=\"view-content\">\n <div class=\"views-row views-row-1 views-row-odd views-row-first\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/lng-terminal-shannon-climate-change-methane\" title=\"No LNG terminal on the Shannon - Climate Change &amp; Methane\">No LNG terminal on the Shannon - Climate Change...</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">We interviewed William Hederman, an environmental researcher living in County Clare,...</span>\n </div>\n </div>\n <div class=\"views-row views-row-2 views-row-even\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/moral-philosophy-abortion\" title=\"Moral philosophy and abortion \">Moral philosophy and abortion</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">The debate around abortion is sometimes characterised as an opposition between the morals...</span>\n </div>\n </div>\n <div class=\"views-row views-row-3 views-row-odd\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/climate-change-war-wall-street-winning-audio-dabf2018\" title=\"Let Them Drown: Climate Change is War - and Wall Street is Winning audio from #DABF 2018\">Let Them Drown: Climate Change is War - and Wall...</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">This audio is an independently organised panel from the 2018 Dublin Anarchist Bookfair on...</span>\n </div>\n </div>\n <div class=\"views-row views-row-4 views-row-even\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/direct-provision-migrant-voices-speak-out-dabf2018\" title=\"Ending Direct Provision: Migrant Voices speak out about the Asylum process in Ireland at #DABF 2018\">Ending Direct Provision: Migrant Voices speak out...</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">People currently in Direct Provision talk about the dehumanising conditions and the large...</span>\n </div>\n </div>\n <div class=\"views-row views-row-5 views-row-odd\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/politics-intersectional-audio-2018dabf\" title=\"How my politics is intersectional - audio from panel at 2018 #DABF\">How my politics is intersectional - audio from...</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">Panel from the 2018 Dublin Anarchist bookfair on the intersection between race politics,...</span>\n </div>\n </div>\n <div class=\"views-row views-row-6 views-row-even views-row-last\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/rojava-eyewitness-womens-revolution-dabf2018\" title=\"Rojava: Eyewitness to a women&#039;s revolution - report back from a May 2018 trip at #DABF 2018\">Rojava: Eyewitness to a women&#039;s revolution...</a></span>\n </div>\n \n <div class=\"views-field-teaser\">\n <span class=\"field-content\">The 12th Dublin anarchist bookfair heard this account from Wendy, a Human Rights &amp;...</span>\n </div>\n </div>\n </div>\n \n \n \n \n<div class=\"more-link\">\n <a href=\"/all\">\n more </a>\n</div>\n \n \n \n</div> \";}', created = 1566499664, expire = 1566499964, headers = '', serialized = 1 WHERE cid = 'not_wsm:block_1:output:c8f1e56bbe6316e2b9acc64fa5863a42' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'video:block_1:results:d1bd4a9bdf0c592395306e39f5452d02' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:3:{i:0;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"8591\";s:10:\"node_title\";s:60:\"Sometimes Lightning Strikes Twice: Pledge to Strike 4 Repeal\";s:7:\"_random\";s:22:\"0.00004530511800693825\";}i:1;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"8690\";s:10:\"node_title\";s:72:\"Video - all of 2018 March for Choice as it passes down the Dublin quays \";s:7:\"_random\";s:19:\"0.01245745365736769\";}i:2;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"8071\";s:10:\"node_title\";s:65:\"Video of Dublin march in solidarity with Greece before referendum\";s:7:\"_random\";s:20:\"0.014295566840372576\";}}s:10:\"total_rows\";i:195;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:3;s:7:\"element\";i:0;s:6:\"offset\";i:0;s:12:\"current_page\";i:0;}}', created = 1566499664, expire = 1566499964, headers = '', serialized = 1 WHERE cid = 'video:block_1:results:d1bd4a9bdf0c592395306e39f5452d02' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'video:block_1:output:054846f84741e525ed5207b63169f9a3' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:4:{s:4:\"head\";s:0:\"\";s:3:\"css\";a:0:{}s:2:\"js\";a:0:{}s:6:\"output\";s:1301:\"<div class=\"view view-video view-id-video view-display-id-block_1 view-dom-id-6\">\n \n \n \n <div class=\"view-content\">\n <div class=\"views-row views-row-1 views-row-odd views-row-first\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/strike-for-repeal-2-video\" title=\"Sometimes Lightning Strikes Twice: Pledge to Strike 4 Repeal\">Sometimes Lightning Strikes Twice: Pledge to...</a></span>\n </div>\n </div>\n <div class=\"views-row views-row-2 views-row-even\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/video-2018-march-choice-dublin\" title=\"Video - all of 2018 March for Choice as it passes down the Dublin quays \">Video - all of 2018 March for Choice as it passes...</a></span>\n </div>\n </div>\n <div class=\"views-row views-row-3 views-row-odd views-row-last\">\n \n <div class=\"views-field-title\">\n <span class=\"field-content\"><a href=\"/c/video-dublin-march-solidarity-greece-referendum\" title=\"Video of Dublin march in solidarity with Greece before referendum\">Video of Dublin march in solidarity with Greece...</a></span>\n </div>\n </div>\n </div>\n \n \n \n \n<div class=\"more-link\">\n <a href=\"/anarchism/video\">\n more </a>\n</div>\n \n \n \n</div> \";}', created = 1566499664, expire = 1566499964, headers = '', serialized = 1 WHERE cid = 'video:block_1:output:054846f84741e525ed5207b63169f9a3' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'Random_PDF:block_1:results:d701b49486a84d4cd29efe1b1fbdd8e3' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:2:{i:0;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"6851\";s:10:\"node_title\";s:48:\"Issues of Workers Solidarity from 2003 - no74-78\";s:21:\"node_revisions_teaser\";s:119:\"<p>These are the articles and PDF files from Ireland&#39;s anarchist paper, Workers Solidarity, published in 2003</p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:7:\"_random\";s:20:\"0.036559972014799685\";}i:1;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"2158\";s:10:\"node_title\";s:25:\"Red & Black Revolution 12\";s:21:\"node_revisions_teaser\";s:1507:\"<p><img alt=\"featured image\" class=\"feature\" src=\"../../attachments/mar2007/rbr12cover.gif\" style=\"width: 200px; height: 283px; border-width: 0px; border-style: solid; margin: 2px; float: left;\" />The Spring 2007 issue of Ireland&#39;s anarchist magazine Red &amp; Black Revolution. The articles in this issue include</p>\r\n<ul>\r\n <li>\r\n <a href=\"http://www.wsm.ie/c/politics-peak-oil-anarchism\">The politics and reality of the peak oil scare</a></li>\r\n <li>\r\n <a href=\"http://www.wsm.ie/c/rossport-solidarity-camp-activisim\">Rossport - A Community Fighting Back</a></li>\r\n <li>\r\n <a href=\"../../story/1772\">Anarchism, Elections and all that</a></li>\r\n <li>\r\n <a href=\"http://www.wsm.ie/c/grassroots-gatherings-ireland-history\">The Grassroots Gatherings - Networking a &ldquo;movement of movements&rdquo;</a></li>\r\n <li>\r\n <a href=\"http://www.wsm.ie/c/james-connolly-life-and-legacy-review\">Connolly - A life and a leg</a>acy</li>\r\n <li>\r\n <a href=\"http://www.wsm.ie/c/direct-action-anarchism\">Direct Action Gets The Goods &ndash; But How??</a></li>\r\n <li>\r\n <a href=\"http://www.wsm.ie/c/ramor-ryans-clandestines-pirate-journals\">Review of Ramor Ryan&#39;s book - &quot;Clandestines...&quot;</a></li>\r\n <li>\r\n <a href=\"http://www.wsm.ie/c/interview-ana-lopez-international-union-sex-workers\">Interview with Ana Lopez from the International Union of Sex Workers</a></li>\r\n <li>\r\n <strong><a href=\"http://www.wsm.ie/sites/default/files/rbr12.pdf\">Download the PDF file</a>&nbsp;</strong></li>\r\n</ul>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:7:\"_random\";s:19:\"0.04814493194981006\";}}s:10:\"total_rows\";i:73;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:2;s:7:\"element\";i:0;s:6:\"offset\";i:1;s:12:\"current_page\";i:0;}}', created = 1566499664, expire = 1566499964, headers = '', serialized = 1 WHERE cid = 'Random_PDF:block_1:results:d701b49486a84d4cd29efe1b1fbdd8e3' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'Random_PDF:block_1:output:3614b06f89c2510e2fe2fce533671bb3' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table './external/cache_views_data' is marked as crashed and last (automatic?) repair failed query: UPDATE cache_views_data SET data = 'a:4:{s:4:\"head\";s:0:\"\";s:3:\"css\";a:0:{}s:2:\"js\";a:0:{}s:6:\"output\";s:1714:\"<div class=\"view view-Random-PDF view-id-Random_PDF view-display-id-block_1 view-dom-id-7\">\n <div class=\"view-header\">\n <p>Download, print out and distribute these PDF\'s</p>\n </div>\n \n \n \n <div class=\"view-content\">\n <table class=\"views-table cols-2\">\n <thead>\n <tr>\n <th class=\"views-field views-field-title\">\n </th>\n <th class=\"views-field views-field-teaser\">\n </th>\n </tr>\n </thead>\n <tbody>\n <tr class=\"odd views-row-first\">\n <td class=\"views-field views-field-title\">\n <a href=\"/c/issues-workers-solidarity-2003\">Issues of Workers Solidarity from 2003 - no74-78</a> </td>\n <td class=\"views-field views-field-teaser\">\n <p>These are the articles and PDF files from Ireland&#39;s anarchist paper, Workers Solidarity, published in 2003</p> </td>\n </tr>\n <tr class=\"even views-row-last\">\n <td class=\"views-field views-field-title\">\n <a href=\"/c/red-black-revolution-12\">Red &amp; Black Revolution 12</a> </td>\n <td class=\"views-field views-field-teaser\">\n <p><img alt=\"featured image\" class=\"feature\" src=\"../../attachments/mar2007/rbr12cover.gif\" style=\"width: 200px; height: 283px; border-width: 0px; border-style: solid; margin: 2px; float: left;\" />The Spring 2007 issue of Ireland&#39;s anarchist magazine Red &amp; Black Revolution. The articles in...</p> </td>\n </tr>\n </tbody>\n</table>\n </div>\n \n \n \n \n<div class=\"more-link\">\n <a href=\"/anarchism/pdf\">\n more </a>\n</div>\n \n \n \n</div> \";}', created = 1566499664, expire = 1566499964, headers = '', serialized = 1 WHERE cid = 'Random_PDF:block_1:output:3614b06f89c2510e2fe2fce533671bb3' in /var/www/public/includes/cache.inc on line 112.
Date:

Why is the director of the IMF complaining that the rate of progress of the IMF negotiations in Dublin is going too slowly? What's wrong with this picture? The answer is nothing, so long as you understand that the IMF are not the driving force in these negotiations.

Despite the newpaper headlines, what is happening is not an IMF bailout. This is a European debt restructuring process in which the IMF are playing a merely supportive role as consultants. This is a Eurozone process and although the political masters of the Eurozone, through their EU Commissioners, have the final say on passing or vetoing the final agreement, the true driving force behind this process is the ECB.

As the negotiations continued between the government and the representatives of the IMF, European Commission and the European Central Bank (ECB), the IMF's managing director  Dominique Strauss-Kahn, expressed frustration at the planned slow rate of progress. "The sovereign crisis is not over," he said, "The wheels of cooperation move too slowly. Repairing the financial sector is taking too long, in part because policy makers are not paying enough attention to the pan-European dimension." In fact the EU officials have made it clear that no details of the rescue loan will be announced until after the governments four year plan and the Donegal by-election. Klaus Regling, head of the EU's €440 billion stabilisation fund, has even indicated that it might take as much as two weeks for the negotiating team to reach it's conclusions - i.e. after the December 7th budget.

To understand why this is so, we need to understand what, exactly, has happened to the Irish banking system in the last months.

First, the corporate and institutional deposit flight that the Sept 2008 bank guarantee was supposed to prevent has now happened in the last 3 months. That horse simply vaulted the stable door and is long gone.

Second, as the global interbank market is now shut to Irish banks, their only source of funding is the ECB which is funding the black hole that is the Irish banking system at their 1% base lending rate. In the last month this took one quarter of all liquidity being provided by the ECB to the entire Eurozone. Given that we are only 1.3% of the Eurozone population (329 million), and were only 2.4% of it's GDP at our height, that's problematic.

Effectively, this means that the government has not only made Irish taxpayers liable for the losses of the Irish banking system, but that the losses are now being exported to the Eurozone as a whole via the ECB. In the immediate aftermath of the crisis of 2008 and even earlier this year with the Greek crisis, the ECB was willing to pay this price to save the Euro. No longer.

The proposed "offer we can't refuse" loan will effectively replace this ECB 1% funding with funding at a rate to be agreed, but likely to be closer to 5%. In other words, the losses of Anglo, AIB, etc. will be firewalled, in the sense that the banks and investors from the rest of the Eurozone will be recompensed for lending to the Irish State and banks, by making the spread between the ECB 1% base rate and whatever Ireland is charged. This is no bailout, it's an end to the life support from the ECB that has been keeping the local banking system afloat for free.

But let's be clear this is not about Ireland alone, but about managing the finances of the Eurozone as a whole. The "structural adjustment" package of loan conditions that will be imposed on Ireland by this process is not for our "benefit" alone, but an attempt to discipline the other "peripherals" like Portugal and Spain. Everybody is more or less resigned to Portugal following Ireland into ECB receivership in short order, but the big target is Spain, the Eurozone's fourth largest economy. Spain's size is seen as potentially posing an existential crisis for the Euro as a whole, if it was to suffer the same loss of access to the money markets that has done for Ireland and is currently strangling Portugal. One hedge fund executive put it pithily as Spain being "too big to bail". It is to avoid this nightmare scenario that the ECB is restructuring its loans to Ireland on a more punitive (and profitable) basis.

In the meantime the ordinary families and households here face the imposition of even more severe cuts to services, jobs and incomes. But we must understand that the driving force behind that brutal logic is coming from the Eurozone, not the Washington-based IMF.

If we wish to resist this inhuman logic, and we must, it's up to us to make that mental shift and raise our awareness that, language and history aside, the US and UK are no longer the main poles of power that we must balance between. Our future will be determined a lot more by our success or failure in participating in the composition of a fight back by workers across the European "periphery" against the austerity logic imposed by the ECB and the "core" EU powers. As a small island nation, the struggle for sovereignty requires a perspective that is not only against the market dictatorship of capitalism, but also internationalist in scope.

WORDS: Paul B.

Like what you're reading?
Find out when we publish more via the
WSM Facebook
& WSM Twitter