Special Report on
Irish Public Finance
Irish Public Finance - Trends
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In 1992, the United Kingdom (UK) began the implementation of an innovative public finance program that offered the promise of rebuilding Britain's infrastructure without a politically unpalatable increase in public borrowing or taxation. Termed the "Private Finance Initiative" (PFI), this program emerged from the conservative administrations of the 1980s and early 1990s as an extensive form of outsourcing of traditionally public--sphere management activities to the private sector. Under PFI, the United Kingdom will sell the bulk of its property holdings and outsource the management of most public services ...
The Irish state, since gaining its independence in 1922, has been one of the few countries in Europe to maintain an unbroken record of democratic governance. However, at the same time, this state has also been marked by a certain authoritarianism – defined as “deference to the views of established leaders and intolerance to those who dissent from these views”. Contributing to this has been, “a breakdown in the interface between Ireland’s public institutions and the Irish public” and “a presumption of secrecy that underpinned Irish government since independence”.  In plain language, ... Read More
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IRISH PUBLIC FINANCE
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