Papering over the cracks in banks

The financial crisis rumbles on. Despite the wars and earthquakes and tsunami we find that the sticking plaster, used to patch up the finances of some European banks, has failed and more drastic measures are need. Irish banks need Euros 24 billion (24,000,000,000) give or take a billion. The European Union has bailed out Ireland (short term loans of Euros 150 billion) and Greece, but there is still a rump of a problem – the Irish banks are insolvent on a “stress test” basis, which is serious news if you have savings in an Irish Bank. The news came out on Thursday this week, and at the time of writing, no news has been published about where the additional capital is to be found. Continue reading

Sweep down to the sea in nature

Irish song writers have written the kind of songs that stay in my memory. Often things that happen can trigger an Irish song in my mind and once in the mind it does not easily leave. One of the greatest Irish song writers was a fellow called Percy French and when I learned about a Genersys Ireland solar thermal installation close to the foot of the mountains of Mourne in the South East of Northern Ireland, I thought that I had better write up this post because Percy French’s song “the Mountains of Mourne” started working through my head. As Percy French told us, where ever you may be, you will remember that the Mountains of Mourne sweep down to the sea. Continue reading

Ireland’s climate change error

Ireland has got it seriously wrong when it comes to climate change. It has just published a report which was composed by the Department of Energy and Climate Change jointly with the department of Agriculture Forestry and Food. They want the European Union to recognise carbon dioxide absorbed by forests as part of the climate change emission reduction directive. If this happened Ireland (and other EU states) would not have to work so hard or spend so much to reduce carbon dioxide emissions because they would take into account the sequestrating effect of growing trees. Continue reading