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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-09 08:33 AM
Original message
Protest in Ireland of government handling of economy
Source: CNN


(CNN) -- Hundreds of thousands of workers filled the streets of Dublin on Saturday to protest the government response to Ireland's economic downturn.

Up to 120,000 people attended the peaceful demonstration that included a march from Parnell Square to Merrion Square, Dublin police said. No arrests were made, police said.

The protest was organized by the Irish Congress of Trade Unions (ICTU). Workers from Waterford Crystal and SR Technic, two companies facing economic problems amid the recession, led the march.

Ireland's economy was booming until last year when it was hit with the most "profound global economic crisis in seventy years," due in large part to a significant decline in the housing and construction markets, according to the government's Web site.

In addition, Ireland's economy has sustained continued pressure from the devaluation of its Sterling currency against the Euro.



Read more: http://edition.cnn.com/2009/BUSINESS/02/21/ireland.econ... /
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CJCRANE Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-09 08:37 AM
Response to Original message
1. "In addition, Ireland's economy has sustained continued pressure
from the devaluation of its Sterling currency against the Euro."

I thought Ireland used the Euro?

:shrug:



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Lost in CT Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-09 08:39 AM
Response to Reply #1
3. Ireland does use the Euro. Maybe it refers to imports from or exports to the UK
Either way it is a strange complaint.

Ireland's problems are to many immigrants (both legal and otherwise) as well as a housing bubble that makes California look rational.
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billyoc Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-09 08:39 AM
Response to Reply #1
4. Both.
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steaa Donating Member (83 posts) Send PM | Profile | Ignore Sun Feb-22-09 09:08 AM
Response to Reply #1
6. They do... and cross border shopping I guess its referring to.
Edited on Sun Feb-22-09 09:20 AM by steaa
Loads of people from the Republic have been doing their shopping here in Northern Ireland now because of the exchange rate, the queues were mad here around Christmas time in the border towns with shoppers from across the RoI.

See: http://www.derryjournal.com/journal/Cross-border-shoppi... and http://www.newsletter.co.uk/news/Border-shops-benefit-f... and http://www.politics.ie/economy/38991-retailers-south-lo...

Edit: Aack, responded to the wrong post. I meant to respond to Lost in CT.




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billyoc Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-09 08:37 AM
Response to Original message
2. That's astonishing, in a country of less than 5 million.
Go Irish!
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Bigmack Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-09 09:02 AM
Response to Original message
5. I wonder how bad...
things will have to get before Americans do anything more than bleat like sheep as the fat cats continue to give themselves bonuses from government bailout money borrowed from China?
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DemReadingDU Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-09 09:22 AM
Response to Original message
7. CNN reports protests in Ireland, does CNN report protests in U.S.?
Edited on Sun Feb-22-09 09:23 AM by DemReadingDU
Or maybe there are no protesters in U.S.?


edit for typo
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