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Kinsella, Stephen


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4 articles of this author have been cited in the European Press Review so far.


The Irish Independent - Ireland | 18/09/2013

Irish deserve truth about bank insolvencies

The daily Irish Independent published new recordings of telephone discussions between managers of the bankrupt Anglo-Irish Bank from 2007 on Sunday. The talks show that the bankers attempted to hide the true extent of the problems their bank faced before it was bailed out with 29 billion euros in tax money. The Central Bank of Ireland should force banks that have been bailed out by the state to disclose all such recordings, columnist Stephen Kinsella demands in the conservative daily: "Why do we need to know what the top bankers were thinking in the run-up to the crisis? ... A blame game helps no one, but as the taxpayer faces into two more austerity Budgets, I for one think Ireland's citizens deserve to know who knew what, and when, because the next time we see a bank in trouble, the instinct should not be 'how do we save this bank?', but rather 'how do we avoid this bank taking down the country?'"

The Irish Independent - Ireland | 11/07/2013

For Stephen Kinsella austerity is the economists' atomic bomb

The austerity policy fallout has meant that economists who argued in favour of austerity for fighting the debt crisis have also come under fire. In the conservative daily Irish Independent economist Stephen Kinsella appeals to his colleagues' sense of responsibility and draws a bold comparison: "It's not atomic physics, but economic theories have the potential to alter the lives of millions of people. The wrong theory, implemented as policy, can reduce the living standards of millions of people over time, and harm the development of generations of workers and their families. ... Eventually, those promulgating the notion of austerity as the only answer are going to be asked the same questions asked of the scientists on the project that birthed the atomic bomb: are you okay with how people have used your research? Austerity is forcing millions to suffer needlessly. As unemployment rises and political realities force this to become a serious constraint on policy, austerity policies will be ditched. What will we have then?"

The Irish Independent - Ireland | 05/03/2013

Mass protests unlikely in Ireland

The EU finance ministers asked the troika to work out proposals for extending the repayment periods on the bailout loans received by Ireland and Portugal on Tuesday. Hundreds of thousands of people had protested against the austerity measures in Portugal on Saturday. The left-liberal daily Irish Independent considers it unlikely that Ireland will see similar protests: "In Portugal today there are mass protests because the people feel they live within a dictatorship, like their votes don't matter because any new government will still have to enact austerity policies. Since 2011, Portugal's government - like Ireland's - has decreased consumer demand and pushed unemployment to record levels of 17 percent. ... In Ireland, however, unemployment is dropping; Ireland's bond yields, reflecting the cost of borrowing for the State, are dropping; and we are close to closing the budget gap between spending and taxes. The question for policy makers is: are there ways to alleviate Ireland's austerity fatigue before the people turn on their rulers?"

Népszabadság - Hungary | 13/11/2007

The Lex Mol and the liberalisation of the EU's energy market

Following the European Court of Justice's decision to overturn Germany's Volkswagen law the future of Hungary's Lex Mol is now uncertain, Stephen Kinsella, an expert on EU competition law, writes in a commentary. The law is aimed at preventing the takeover of Hungarian energy company MOL by the Austrian energy giant OMV. The European Commission decided on Tuesday, November 13, to initiate proceedings against the Hungarian law. "Although according to the European Court of Justice, measures aimed at restricting the movement of capital are unlawful, exceptions can be made. However, the member state in question must justify such exemptions. The Hungarian government has argued that the Lex Mol is necessary to protect its energy supplies. But as the EU's liberalisation policy in the energy sector also takes the security of energy supplies into account and furthermore is aimed at consolidating a common European energy market, the European Court of Justice is unlikely to consider these regulations appropriate."

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