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.

Exploring the Sparkassen Model of Local Savings Banks in Ireland

I’m off to Ireland tomorrow to participate in the Kilkenny Festival and to help with the movement there for a network of publicly-owned banks. The Public Banking Forum of Ireland sent a quite promising report on developments that I thought I would post in the meantime, titled Exploring the Sparkassen Model of Local Savings Banks in Ireland with the Savings Bank Foundation for International Cooperation (SBFIC). It can be read here:

Sparkassen Model in Ireland Oct (1)

(I had a bit of trouble loading it; if it doesn’t come up, there is much similar information on the PBFI website.)