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ICELAND’S ECONOMY imploded in 2008 devastating the nation, but through courage, unorthodox ingenuity, and zero tolerance for politicians’ excuses, the nation is getting back on its feet.

Is cancelling the IMF/EU bailout and defaulting on the State’s debt a populist slogan, dangerous economics, or the only viable political and economic first step out of the mess we are in?

The Irish restaurant industry contributes €2 billion to the Irish economy each year, yet the industry is struggling due to Sunday premium rates they are forced to pay workers.

Political tensions are heightening over the decision by two local authorities to purchase the derelict Imperial Hotel in Castlebar. Fine Gael Minister of State Michael Ring has responded angrily to Labour town councillor Harry Barrett who told the Westport deputy last week to “butt out” of the Imperial Hotel purchase in Castlebar, which has become the centre of political wrangling.

Joe Higgins, the outspoken Socialist Party TD, will be in Galway next week to address a public meeting on the EU/IMF bailout, unemployment, cuts, and the socialist alternative.

The confidential basis upon which MEPs hold bi-lateral briefings with EU Commissioner Ollie Rehn are important opportunities to emphasise the inadequacies of the EU/IMF deal for Ireland and walk outs do not serve the interests of the Irish people. This was stated by Independent MEP Marian Harkin when she rejected the assertion of new Socialist Party MEP Paul Murphy that other Irish MEPs acted disgracefully in accepting the confidential basis for some meetings with Commissioner Rehn.

Iceland and Ireland both suffered catastrophic financial meltdowns in 2008, but unlike Ireland, Iceland’s people forced the government to resign and the country was quick to hold investigations into bank practices.

A Galway company has called on the Government to save Ireland’s corporation tax as it is vital for not only attracting multi-nationals but also securing jobs in the tourism sector and boosting the local economy.

“Honesty is not just our best policy, it is our only policy” — poignant words echoed by the new Taoiseach of the country, Enda Kenny, as he made his acceptance speech at the first session of the 31st Dáil.

He may not be as long on the scene as Éamon Ó Cuív, he’s not quite the ‘new kid in town’ that is Derek Nolan, and he may not be as outgoing as Noel Grealish, but Sean Kyne has become the quietly emerging figure of Galway politics, who this week took his first steps on the national stage.