An article in the Irish Independent this morning reports that Brian Lenihan's economic advisor Alan Ahearne reckons the banks that the Irish taxpayer bailed out through NAMA will soon be "fit-for-purpose" and in a position to start supporting Irish firms again.
Here's this for an idea: If the taxpayer - a la our very tired Government - owns the properties of now bankrupt FF developer friends from the Galway Races Tent, why don't we provide free office space to start-up companies?
It would be a small but practical gesture from our bent so-called elite towards balancing the books. It would allow start-ups breathing space to focus on creating products for export and free cash up to stimulate the local economy through the freedom to put money that would have been rent into perhaps hiring more people or spending on other goods and services.
I know of firms struggling to survive every day. Within these firms are people with families, parents of kids with hopes and dreams. It disgusts me that we go to all the trouble of saving banks that won't lend and support companies that have been around decades.
John Kennedy has over a decade’s experience in writing and editing business-to-business and technology magazine titles.
He began his career in business and technology publishing with Computer Publications Group (CPG), where he edited Advanced Manufacturing Technology (AMT) Magazine and Communications Today (CMS) as well as contributing to the company’s flagship magazine, Irish Computer. He then went on to become technology editor at Business & Finance, where he also edited Business& Technology Magazine and B2B Magazine.
John is the editor of Ireland’s leading technology news website siliconrepublic.com as well as the weekly e-Thursday pages in the business section of the country’s biggest selling daily, the Irish Independent and the Digital Ireland monthly supplement.
John also features occasionally on Dublin’s Newstalk 106 FM, where he discusses technology issues. His broadcasting experience also extends to discussing technology-related issues on the BBC World Service, RTE Drive Time and Today FM’s Sunday Business Show.
In 2005 he was named Technology Journalist of the Year at the Irish Internet Association’s Net Visionary Awards.