World Bulletin / News Desk
Tens of thousands of people marched in six cities around Ireland on Saturday to protest against austerity measures, days after the government struck a vital deal on its bank debt.
Prominent trade unionists and opposition members of parliament marched alongside citizens facing a sixth year of cuts since a financial crisis plunged Ireland's banking system into a debt spiral.
A deal with the European Central Bank allowing Ireland to stretch out the cost of bailing out Anglo Irish Bank did not dampen the turnout for the protests, organized weeks in advance by an umbrella group for Irish trade unions.
For protesters struggling with cuts in living standards, mortgage arrears or unemployment, the deal is scant consolation.
"I've no confidence at all in the deal, it won't make any difference to ordinary people," said Alfie Murray, marching in Dublin with his 8-year-old grandson.
"It's the next generation that'll shoulder the cost," he said.
Police said around 50,000 took part in the demonstrations under the banner "Lift the Burden" in Dublin and other cities, although the Irish Congress of Trade Unions (ICTU), which represents nearly a fifth of Ireland's 3.1 million electorate, put the figure at over 110,000.
The largest protest took place in the capital, where police said up to 25,000 people took part - a large demonstration by Irish standards.
Marches organized in Cork and Sligo had an estimated turnout of 6,000, according to police, while protests in Limerick, Galway and Waterford attracted crowds of about 2,000.
Ireland's bank debt deal, announced last week, saw the cost of bailing out Anglo Irish stretched out over 40 years rather than 10, cutting Ireland's borrowing needs by 20 billion euros over the next decade.
"The jury is out on this deal," SIPTU trade union president Jack O'Connor told Reuters.
"We anticipated a lower turnout because of it, but went ahead as planned because people clearly want to know what these agreements actually mean for them day-to-day," he said.
David Begg, the general secretary of the ICTU addressing the crowd in Dublin, said it was hugely unfair that Irish people had paid 42 percent of the European banking debt burden, drawing widespread applause from protesters.
"It would be fatal for people to believe this issue is now resolved and we can all move on," he said.
In the crowd, a large number of public sector workers, frustrated by cuts in their basic pay and additional workplace demands, expressed anger at government plans to make further cuts in the sector.
"They want us to pay all their bills and we're getting tired of it now," said Patrick Healey, 57, a teacher who has seen his wages cut by 700 euros per month, or about 20 percent, in the last five years.
Global economic trend does not augur well for developing countries: UN Conference on Trade and Development report
"We will look carefully at tax rulings issued by Luxembourg to GDF Suez," Vestager said in the Commission statement.
The Bank for International Settlements (BIS) -- dubbed the central bank of central banks -- said a gauge of Chinese debt had hit a record high in the first quarter of the year.
Civil claims involve bank's mortgage activities
Adeosun said that the bonds are expected to go on sale in December, with the proceeds channelled into capital projects.
May also ruled out a new general election anytime soon, saying Britain needed stability following June's referendum vote to pull out of the European Union.
A 2nd airport would put Rwanda on par with its regional peers, as more tourists flock to East Africa
Country GDP shrank by 2.06 percent in second quarter of 2016
Afghan traders worried fruit exports are rotting after two-week border closure
Foreign trade minister says Trans-Atlantic Trade and Investment Partnership negotiations should stop
Overnight lending rate gets cut by 25 points to 8.50 percent; overnight borrowing rate remains unchanged at 7.25 percent
"It appears that a programme of public spending in Germany would not be the most appropriate tool to help give a strong stimulus to the international economy," the central bank said following a study into the issue.
The 0.3 percent quarterly gain was in line with average forecasts compiled by data company Factset.
Qatari Ambassador to Ankara says bi-lateral trade could double through committment to undertake further investments in Turkey
Radical cleansing will start a new era in Turkey, says the head of the Turkish Cooperation and Development Agency (TIKA)