The economy

According to a report, the Irish central bank’s predicted growth of 15.3% this year is linked to the unwinding of €16 billion in excess savings built up during the pandemic, though according to published figures Ireland’s international debt was €237.5 billion at the end of August. Reportedly, Ireland has experienced the highest increase in debt per capita this year, up 9% on 2020.

According to a report, house prices are up 99% since 2013 which is driving people into homelessness. A 10% stamp duty was introduced for the purchase of ten or more residential units over a twelve month period to discourage investment funds from buying up housing estates.

Another incentive, derelict property tax will be discontinued from 1 November.

The ecumenical movement

According to a source the u.s. invited jews to join the born again christian movement some time ago. According to a report, the modern ecumenical movement began with the anglican and lutheran churches between the world wars.

Reportedly, the ultimate goal of ecumenism is a full communion of the protestant, catholic and orthodox churches, but there are different opinions on what Christian unity should be and how it should be achieved. Seen to be political, a possible sign of jewish ecumenism are rabbis in the media with european features and political bias.

Is Democracy real?

According to reports the uk labour party were the subject of a series of allegations of antisemitism, leading to an investigation in May 2019 by the equality and human rights commission. According to the ehrc report antisemitism was a problem within a labour party, known to be traditionally pro Palestinian from a humanist point of view and opposed to disproportionate Israeli defence strategies.

Reportedly, Keir Steimer who took leadership of the labour party in 2020, attended Reigate grammar school which became independent while he was a student, after which he studied at Leeds university followed by Oxford. According to reports he was awarded the queens counsel in 2002, and was head of the crown prosecution services from 2012-17 after which he was awarded knight commander of the order of bath, a royal honour, reportedly awarded for service at the monarch’s faith.

Permission sought for gas projects

An application for an exploration license may have been submitted by Predator oil and gas, a fossil fuel exploration company for an area in Corrib south, 18 km from the Corrib gas field. According to a report, last week Predator said they were evaluating the Corrib gas field as a possible acquisition of interest. Reportedly Predator are hoping to build a floating liquefied natural gas terminal 50 km off the coast of county Cork.

Northern Ireland protocol

According to a report, northern Ireland protocol has been the most challenging aspect of Brexit. Reportedly, unionists have affirmed their unalterable rejection of the protocol, a reason being lack of funding. Reportedly a source said eu commision leaders want to encourage unionists to look more towards Dublin for support in addressing their concerns.

Military cooperation in europe

Reportedly, Michel Barnier who served as the eu’s head of taskforce for the preparation and conduct of negotiations with the uk has proposed that France be exempt from the ruling of the european court of justice and the european court of human rights.

According to reports President Macron innitiated the creation of a european rapid reaction force, eurofor in 1995 in Lisbon with Italy, Portugal and Spain. Reportedly eurofor was answerable to the western european union whose founding treaty, the treaty of Brussels provided for military cooperation between member nations.

Reportedly eurofor who became part of the common security and defence policy, man power of 3,741,229 in 2016 became an eu battle group, but disagreements among the 13 member states resulted in nondeployment. According to a report Macron innitiated the european civil protection force which became operational in 2019.

German elections

Reportedly the social democratic party won the majority in the German elections, gaining 53 seats. According to the report, the free democratic party and the greens have agreed to meet each other to discuss the possibility of a coalition. Reportedly, according to an spd source, following the 2017 elections a month of coalition talks resulted in the fdp walking out on the christian democratic union, after which it took six months to form a government.

New power connection between uk and Norway

According to a report an undersea power connection between the uk and Norway became operational on 1 October. According to the president of the uk national grid the idea is to diversify and decarbonise the uk’s electricity supply. Reportedly 96% of Norway’s energy is generated from hydropower. According to a statement, when wind generation is high in the uk and demand is low, power will be exported from the uk to Norway conserving water in Norway’s reservoirs, and when demand is high in the uk but wind generation low, power will be transported from Norway to the uk.

According to the report the new power line is the fifth interconnecting with the uk national grid, the others being Belgium, France and the Netherlands. Reportedly, Statnett, Norway’s power system operator is also involved with a connection between Norway and Germany which went online last winter. Statnett is owned by the ministry of petroleum and energy.

Russian election

According to a report the turnout for the Russian parliamentary election, September 17-19 was 51.72%. United Russia won 324 seats, the Communist party of the Russian Federation 57 seats, A Just Russia 27, Liberal Democratic party of Russia 21, New People 13 and Independent 5, candidates unpublished.

Reportedly United Russia formed as a merger of the unity party and The Fatherland, All Russia OVR. The kremlin were said to be wary of an OVR victory. According to a report, since United Russia became the dominant party President Putin has passed 93% of legislation compared to a previous 73%.

Alexia Navalny is the jailed leader of Russia for the Future, founded in 2012. The party is reformist and openly opposes United Russia whose philosophy reportedly is conservatism, nationalism, pragmatism and statism.

The role of the central bank

According to a report, in 1927 a recommendation was made for an Irish currency that was to remain fixed to the pound sterling, known as the saorstát pound. Reportedly, in 1938 a central bank with independant functions was recommended. In 1926 a banking commission was established, chaired by Henry Parker Willis who between 1914-18 was the first secretary of the federal reserve board of the united states.

The federal reserve, the United States central bank, prints money and provides financial services to government though it does not otherwise increase the amount of money in circulation nationally. Reportedly a central bank can loan to other governments without decreasing value.

According to a report the central bank of Ireland is now an agency for the european central bank, and produces euro bank notes at its currency centre. Reportedly, since 2002 the central bank has printed only €10 notes. Notes with serial numbers prefixed T are reportedly printed in Ireland and notes printed by the cbi have a prefix K before the series code. The difference between an independant nation and a commonwealth state is thought to be the freedom to print money as required by government.