Author name: Patrick Devaney

Patrick Devaney is a second year student at the National University of Ireland, Galway where he is studying economics and political science. Patrick was born in 1993 and during his childhood years, the Celtic Tiger ‘’boom’’ times were beginning to take off. The foundations of a society that lived lavishly and to great excess were being laid. Unfortunately, these foundations were built on quick sand and by 2007; the beginning of the end had begun. With decisions about his future looming as the problems escalated, Patrick made the choice of studying about what went wrong in my country: economically and politically. With both of his parents threatened with redundancies in the last few years, Patrick's own hopeless job searches and experiencing the day-to-day pressure of these austere times, he has lived through the hardest times we have known since the Great Depression – and we’re not even sure how much long this could possibly go on for. Through his blog on Inspired Economist, he hopes to be a voice for common sense and conscience in a time when so many economic decisions are ill-chosen for a variety of reasons to the detriment of the public.

The secrecy of Standard Chartered’s Iran transactions

On August 6th, the English bank, Standard Chartered, was accused of being involved in illegitimate transactions with Iran worth up to $250bn. Two weeks later, with an investigation continuing, the financial institution was fined $340m and has had terms attached to its punishment, most notably having a monitor permanently installed in the New York branch

Light at the end of the tunnel for Ireland

Ireland hasn’t had anything to cheer about since the onset of the global financial crisis in 2008 but in the past week, that has slightly changed. Becoming the first eurozone country to enter recession, it was downhill since that declaration by the Central Statistics Office in September 2008. Almost four years on and with the

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