Image via Wikipedia One paragraph from yesterdays Observer’s Editorial should be memorised and remembered for a long time. Much of that story is familiar from other countries caught out by the credit crunch. But Ireland’s unique misfortune is to have, in Brian Cowen’s Fianna Fáil government, leaders who shipwrecked the economy and then capsized the lifeboats. The initial crisis response in 2008 was designed in such a way as effectively to absorb the doomed banking sector into the state,...
Image via Wikipedia Maman Poulet has the story that the IMF are sending a team to Ireland to “participate in a short and focused consultation, together with the European Commission, and the ECB, in order to determine the best way to provide any necessary support to address market risks.” Full statement here How long until they are running the country? And how long can we hold out on this bailout? We either need a General Election or to give...
Image via Wikipedia Euractive have a very interesting article on the talks between EU Economic Commissioner Olli Rehn and the Irish Government and Opposition. “He asked us our view and I told him we had no confidence in this government, and the thing that would give more stability to the country is an election and a government in place that had a significant working majority,” said Michael Noonan, finance spokesman for the centre-right Fine Gael party This of...
Image via Wikipedia So Enda seems to be trying to catch up with the rest of the digital world and has started to send a weekly message to supporters on a Friday. I think this is a good idea, and the message seems to include lots of information. I look forward to getting it weekly. Don’t worry, I won’t post it every week. Only if its interesting! Dear Member Many of you have said to me in the past...
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