Monthly Archives: March 2013

The Insider – handing back the keys

This week ‘The Insider’ looked at the pro’s and cons of ‘handing back the keys’.

The Insider – TV3 personal finance on The Morning Show

This week we talked about the information that banks have and how they use it to sell you product. We stress getting independent advice and not buying directly from banks, or at least shopping around before doing so.

End of the guarantee

This week our bank guarantee (the last vestiges of it) was given an end date, the 28th of March 2013, that’s when the ELG or ‘eligible liability guarantee’ will be terminated. The regular deposit guarantee scheme (DGS) will continue.

Austerity hurts because it works.

I saw a t-shirt once that had a picture of a pyramid and it said ‘slavery, it gets sh1t done’. While I don’t agree with enslaving anybody, it makes a point that sometimes the unpalatable is also the most practical. Which is why when I hear people bemoan how we are enslaving future generations because of the bank bailout or promissory note deal I secretly die inside, we are doing that already. The Economic and Fiscal Outlook of 2013 (if you look it up check out table 12) shows that irrespective of banks that we’d be short to the tune of €40bn between 2012 and 2015.