Irish Green Party — “P​ublic Banking can become real ‘Third Force’ in Irish finance”

I just got back from a really good and productive week in Ireland. Haven’t gotten an article out but thought I would post these two articles that were in the local Irish press (online and print).  Two interviews are yet to be published, plus two video interviews (with the UK Guardian and Rabobank); so public banking got a lot of exposure.

P​ublic Banking can become real ‘Third Force’ in Irish finance

Friday 7th November 2014, Dublin.
Green Party Finance Spokesperson, Cllr Mark Dearey, has today spoken of the positive benefits that the introduction of public banking could have for the Irish financial market. The creation of a publicly-held banking network, acting as a competitor to the existing private commercial banks, would be a disruptive and much needed shot in the arm for the current arrangement. Cllr Dearey made his comments following a productive meeting with the founder and President of the Public Banking Institute, Dr Ellen Brown, who is in Ireland to participate in the Kilkenomics festival.
 Read more here.
Gavin McLoughlin, Irish Independent, 07/11/2014
Ellen Brown, a co-founder of the US-based Public Banking Institute, doesn’t mince her words. She’s among the speakers at the fifth Kilkenomics festival, which began yesterday.
“My purpose in being there and what I hope to introduce is that you can fix a lot of your economic problems by having some publicly owned banks.”
It’s not about nationalising the system, says Brown. Rather the idea is to have a number of banks that can return profits to the public rather than to shareholders.
“It’s a no-brainer once you get it,” she says.
Read more here.

4 Responses

  1. Very well written. Definitely. A proper interview.

    On Sunday, November 16, 2014, WEB OF DEBT BLOG wrote: > Ellen Brown posted: “I just got back from a really good and productive week in Ireland. Haven’t gotten an article out but thought I would post these two articles that were in the local Irish press (online and print). Two interviews are yet to be published, plus two video int” >

    • Yes. Let’s bring the whole field of economics and politics down to earth so that we can all understand. Clarity and transparency is the need of the day.

  2. But will their EU master let Ireland do this?

    The UK currently own (or part own) banks but my understanding is they will eventually have to be sold off.

    “some publicly owned banks.” And I posted on the other thread that it would be much better for Ireland to withdraw form the Euro. That’s the real issue that Ireland has.

  3. Reblogged this on defender portugal.

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