EU to Ireland : Tough Luck
Back in the last century Guido was very much in a minority in Ireland opposing swapping the punt for the euro - "it is the future", "it will make things easier when we go on holiday". Not the strongest economic arguments. More often the antipathy was blamed on Guido spending too much time in the company of British Eurosceptics.Now times have changed. Being in the eurozone is recognised as having exacerbated the property bubble. Interest rates were just too low and cheap money flooded into over-priced property. If Ireland's central bank had interest rate sovereignty it would have raised interest rates - it couldn't and the Irish property crash will be one of the world's worst as a result.
Now the economy is in trouble Irish interest rates should be lowered to make the currency more competitive and the attractive to U.S. investors. Ireland is a high cost country for American investors who now look elsewhere. Irish finance ministers John Bruton in 1986 and Bertie Ahern in 1993 drove down the punt to bring in foreign investment when economic growth was faltering. But as a member of the euro, devaluation of the exchange rate is no longer an option.
Yesterday the president of the ECB, Jean-Claude Trichet bluntly told Paul Tansey, economics editor of the europhile Irish Times that "the ECB has to care for the superior interest of the euro area". Tough luck, Ireland isn't important, monetary policy will not help the Irish. Anti-treaty campaigner Declan Ganey says the Irish are not eurosceptic, they are Brussels-sceptic. As the Brussels political elite's contempt for Irish democracy becomes clearer, that could change...
55 comments:
This cultural insight may be of interest to the Irish and of course, nothing to worry about:
http://burningourmoney.blogspot.com/
There is no difference between Brussels and the EU, And yes, the Irish will certainly come under pressure in the not too distant future!
As ever, events putting the lie to the politicans worthless assurances.
The 'flexibility' given by local exchange rates, interest rates, tax rates etc. is a good thing.
If you lock everything into a completey rigid structure, then as soon as you hit a bit of rough something is going to break.
The politicians assurances on the lisbon treaty etc are worth no more - an probably a lot less.
As the Brussels political elite's contempt for Irish democracy becomes clearer, that could change...
You are as Oirish as John Wayne in The Quiet Man as the above ludicrous comment makes clear.
Stick your dreams of empire up your red white and blue arse.
You are as Oirish as John Wayne in The Quiet Man as the above ludicrous comment makes clear.
Stick your dreams of empire up your red white and blue arse.
July 20, 2008 1:44 PM
What a know-nothing tosser you are!
Just a small observation; both the Bank of England and the Fed failed to hike interest rates, despite independence. What makes you think the Irish would have done differently? They would have been on the same inflation index as the UK. I don't especially recall widespread calls for interest rate hikes to avoid a property bubble in the UK or the Republic.
There is much wrong with the European Union, but the property bubble is back to good old incompetence and greed, wherever you are.
The EU hates competition. The Euro inhibits intra state interest rate competition and it's the same bizarre logic that condems 'tax competition'. The EU is as totalitarian as Soviet Russia.
I hope the Irish are up for a fight.
England is so "lucky" to have Gordon Brown at the helm. He is giving the Euro zone exactly what it wants, a devalued and worthless pound so the UK can join the Euro.
Every time Labour get into power, the pound in your pocket ends up NOT worth one pound. Soon we'll also need an IMF bailout just like the last time Labour were in government.
The UK is paying a VERY heavy price for having New Labour in power, and with the treason of unelected Gordon Brown signing the EUSSR treaty, the UK is well and truly screwed.
The bottom line is that the EU project is a Marxist agenda. The Chinese have already recognised it as a load of dogs bollocks.
Go figure.
It isn't just Irish democracy the EU holds in contempt; it's democracy as a whole. I've never come across something which is so redolent of the fourth reich.
The UK has been unique throughout the world with its housing market and property-owning society. The rest of, what we used to know as, Europe consisted of mainly rented properties. British and European property markets have never ever been similar. So, crash the property market, crash the economy, crash the country and oh look! we're ready to vote yes to the EU. My arse!
anon.
fuck off you marxist twat.
its obvious. all student union communists must be expunged from our lives. these repulsive wankers are determined to destroy our nation.
pls fuck off
God Bless Anonymous - the one at 3.50pm. All Student Union Communists should be eradicated from the executive, government, parliament forthwith. At the risk of seeming ott I'd like to ask what chance there is of this massive infiltration being repulsed. We're dead ducks in the waters of the past seventy years. We won the battle of WWII but we have lost the war. Only a few will stand and the rest will laugh and think us prats until their turn comes. It's gone so far, it just isn't socialists, the Conservatives are part of it too because they see which way the wind blows.
They get huge wages, guaranteed pensions (so long as they don't speak out against the EU). People call the Labour Party Conservatives, but they're not: they're just trough-snuffling shits. May God well and truly fuck the aims of Fabianists everywhere.
It's increasingly obvious tht the EU will ratchet up pressure on Ireland over the forthcoming months in a variety of ways,(this being one of them). The bottom line is that the Irish electorate have been very very naughty and voted "No" on the Lisbon Treaty and are being shown the "error of their ways". Eventually as the remaining countries still to ratify are either cajoled or pressured into ratifying - the Irish come the end of the year will find themselves "out in the cold" as the only nation willing to stand up to the EU bureaucrats but it's a small triumph.
The Irish government will be expected to re-run the referendum and after the Irish electorate have had time for reflection and understand the economic consequences of their actions they will be expected to vote for continued transfer of power to the EU by voting yes to ratify the Lisbon Treaty(no doubt various clauses will be included on neutrality;abortion etc for Irish sensibilities) but the requirement to ratify will be non-negotiable.
The unspoken threat, will of course, be that the remainder will go ahead and the implications for Ireland continuing to receive EU grants/regional aid etc will be "under consideration". It remains to be seen whether the Irish government have the "balls" to face down these implied threats and bluster.
EU bureaucrats may forgive the Irish electorate for voting no the first time but they surely won't forget the Irish audacity in daring to "rain on their parade". Ireland can expect a tough few months ahead from their EU "partners"
It's pleasing to see that Democracy is alive and well in the EU
Can we please make socialism illegal as it is already immoral and expensive especially to the people who its supposed to help.
We could and should use Trident to convert Brussels into Lake Brussels and then it would have some use.
Can we leave now?
> fuck off you marxist twat.
Thus spake Guido the anonymous Oirish sock puppet.
Ah go on, mister Guido, speak a little Irish for us.
Yes Guido have you no shame, the sheer audacity of being allowed to have a vote in a referendum on the EU treaty, what makes you special when citizens of 26 other countries can't have one, oh that's right we were all told NO YOU CAN'T HAVE A SAY...bet the yes campaigners wish they had a "secure system" like the UK where they can have 25 voters registered at one household (one bedroomed bedsit).
You don't need to be Irish to see that Ireland has lost control of her economy. It's boom and bust, courtesy of the Euro.
Ireland would be able to keep a more suitable exchange rate, interest rate and inflation rate with her own currency, ironing out the bumps.
Apparently you don't even understand English let alone Irish, so again, fuck off you marxist, communist student union twat.
@Anonymous said @3:08 PM
So inform the relevant authorities. Now fuck off
"Stick your dreams of empire up your red white and blue arse."
A bit rich from a pro EUSSR empire building marxist cunt of the first order. Personally, like most of us normal people I like a small, independant Britain. Fuck all chance with cunts like you around though.
A suitably EU-sceptic UK Government could, perhaps, seek bilateral agreements with the Irish to our mutual advantage. The EU would yell blue murder. But since UK is a considerable net contributor to that stalinist organisation, WE have the power, not them, and could tell them to 'go hang'.
Sarkozy, French President but also the "President of Europe" as he likes to be called right now has already said the Irish "will have to vote again".
I couldn't care less actually. The Irish have been only too happy to take EU handouts in the past and now it's all turning sour they're whingeing. Tough!
Guido OT
Please do an emergency Caption Competition featuring Rear Gunner Brown gurning in a helicopter adjacent to but not handling a machine gun. Priceless profile in courage. McTwat in his finest pose.
Cos the Irish had the nerve to say non! the eu will now make you pay until you agree to vote "I surrender" could be whats happening here.
God I hate these fuckwits cant they play some sim game while jerking off if they want power kicks?
Piano wire/lampost some assembly required.
Guido Dear Boy,
Could you possibly ask your contributors to try and be less obtuse and obfuscatory in their language? It is extremely difficult for some of us to follow what the hell they say. Also, cannot Anonymous be numbered as Anon 1 through 300? They can all be traced, silly sods, if they believe otherwise.
I write, of course, as a simple semi-literate without pretension.
"...they can all be traced."
Who are you, the fucking Stasi?
I have always thought the Euro will collapse at some stage...and I still think that will happen eventually.
I suspect that if the EU applies 'pressure' on the Irish to vote the 'right way' next time the majority against the Lisbon Treaty will be even larger than before, not least because the 'pressure' itself will convince many Irish doubters that the EU is an oppressive bureaucracy with imperialist ambitions. Having fought for independence from London why would they surrender to Brussels? When it comes to national independence, economics is a secondary consideration. And if the Irish are forced to accept 'associate' status it leaves the door open for other countries to demand it to. Spain, for example, would do well to regain control of its own economy.
Sorry, that should be 'too' not 'to'. I sometimes give the typing pool Sunday evenings off.
Guido can't be arsed to pick a winner so someones got too.
The winners are..
#10 Anonymous.Reservoir Hogs,surely ?
#9 peter carter-fuck said "All three of you have been found guilty of crimes against the British people. The sentence for traitors is..."
150 hours community service.
#8 firestone said.Here come the girls..
#7 Anonymous jack and Alistair's butt plugs were working perfectly, but Geoff's had developed a serious fault.
#6 Old Holborn Cap in hand, the went to the IMF
#5 Astro-Turf Lawnmower
Straw is chuffed - he caught the brand new Nokia hurled at him and is heading straight back to the office to stick it on E-bay
Darling hasn't done badly, bit of sticky tape on the Motorola and it'll be fine to use in emergencies.
Hoon a bit too slow as usual - the Samsung hit him in right in the bollocks and he's still smarting
#4 Daily Referendum Reminds me of my time in the Navy:
From left to right: Rum, Sodomy and the whip.
#3 if only said...
THE TIMES
Friday 25th. July 2008.
A NATION MOURNS
The funeral took place today of the Rt. Hon. James Gordon Brown the Prime Minister.
Mr. Brown died suddenly this morning after being told the result of the Glasgow East byelection. Members of his cabinet who were with him, made valiant efforts to resucitate him but without success.
In order to help the nation deal with the enormous sense of loss that they will obviously feel it was decided to inter Mr. Brown immediately in an unmarked grave in his beloved local amenity site. A dustcart adorned with the words 'GOODBYE GORDON YOU USELESS PERVERT' across the windscreen was used as a hearse in appreciation of Mr. Browns service to the people of this nation.
Our picture shows grief stricken members of the cabinet following the dusthearse to the site.
Mr. Brown will be rememebered for his brilliance as Chancellor of ................
#2 New Labour - My Arse said...
Jack Straw "So Alistair, why does Gordon call you Swiss Toni?".
Swiss Toni " Well Jack, as Chancellor; being in recession, it's like going to the brink of death and back, in a nine car pile-up on a dual carriage-way, is ... very much like making love to a beautiful woman. First of all, brace yourself, hold on tight - particularly if it's a rear-ender. And pray you make contact with her twin airbags as soon as possible."
Hoon "Fuck off, its because that last rent boy you had, told him you were as big as an Alp and ridged like a toblerone".
Swiss Toni "As opposed to hung like a mouse in the Artic Circle. ".
Straw "That's gotta hurt - TCH".
And the winner is!!!!!!!!!!!!!!
#1 killemallletgodsortemout said...
Three of The Most Important Faeces in Government.
...and that ain't a misprint.
full results available at BBC.YouMustBe-Jokingwe_have alotbetter/thingstodo.withyour.money/than/this
Cheers Guido!
I'll have a copy of New Labour Sleaze.
Better make it a large one!
Thank you.
We could of course elect David Icke as PM or better still myself. As we are currently among the only people that have a clear understanding of what is going on here.
You cant say you were not warned, can you?
Telling people the very nasty truth about there long since mind controlled existence. While also informing the great disinterested and equally unwashed of the utter evil and greed of the so called human beings that dictate our common futures, is a hiding to nothing. It was always clear to me that virtually no one would have the balls to realize the literally horrendous truth until it is far too late to do anything about it.
Our establishment know this as clearly as they know they control every single part of the MSM and most of the rest of it.
We always were fucked beyond redemption. We were truly shafted well before the last bullet was shot at the end of WW2. This country was condemned to 4rd Reich dictator status before the term 3rd world was even coined.
World Fascism can not be finally inflicted on the unsuspecting population without the homes of liberty, those being mainly the US and The UK being bankrupted into slavery along with the rest of the world.
Some may call this Marxism, I call it Fascism, but it makes no difference what one calls it. The truth is they are effectively the same thing, promoted by exactly the same people.
If you understand this, then everything makes sense. Understand this not, and nothing ever will.
Atlas remembered the bad old backbreaking days when he used to hold up something worth carrying. Now he is so happy his conscience is clear and the worthless pile of heavy shit is finally gone floating off into the cosmos. He can now just sit back and simply state, HE TOLD YOU ALL SO.
David will be also so pleased his sons mates no longer think he is a paranoid mad man.
anon 3DeltaA14 @ 6.21pm
I can't be traced I'm writing from the future just taking time out to see what all the fuss was about in the past...anyway Her Royal Highness Victoria Pollard is calling me, seems we have a problem in Sector Two the Alliance of MarxiIslamistNationalistEuropeanAryans are in rebellion again - all this hassle over a paltry 1% increase in Oxygen Tax in the name of Richard Dawkins what do these people want?
Lots going on Ireland pre-Sarkozy's visit there tomorrow.
Libertas launch in 26 EU countries with 400 MEP candidates.
SinnFein say that Ireland will not vote again.
Irish labour leader refuses to meet Sarkozy.
The Tap
They could always join Sterling !!
Facetious as that sounds, it is no less sensible than being in the Euro zone...
Isn't the world of politics delightful? It's fragrance is only surpassed by the nostalgic whiff of journalism - and that of a Police Force; the local authorities and so on and so on. It's like sniffing the air in search of some long gone childhood memory.
Well done to the Republic - long may they stick up two fingers and so put our own acquiescent and gutless government to shame. Thanks Tap.
Anon., 7:43, you bring sunshine into our miserable lives. Thank you. I am immensely cheered by your optimism. Where would we be, on life's interminable highway, without a helping hand from a benevolent soul such as yourself?
I too am glad that Mr Icke's son (or sons -- does he have more than one? Who knows? Are they silver? Can they fly?) can entertain his or their friends without having to endure ridicule of his or their excellent pater.
Indeed, it is a tribute to him or them that for so long he or they have suffered the company of such disrespectful reprobates. "Paranoid", indeed! Who on earth could thus accuse a man who believes, as we all do, that the world is controlled by a sinister cabal of lizards from outer space?
My chief complaint about Mr Icke is that he is too reticent in spreading his gospel. Incredible as it may seem, there are still educated people in this world who dismiss his views as, at best, inchoate! I blame the shallowness of the media, obsessed as they are by celebrity culture, for failing to engage in the serious debate needed for these important matters to be aired.
You, and perhaps also Mr Icke, will be glad to hear that I shall this evening be writing to the Right Honourable Gordon Brown, M.P., to inquire whether he too is a lizard, and, if so, to what species he belongs: for most saurians, I understand, are not given to obesity; nor are many of them Scottish, with a lately acquired predilection for powder-blue ties.
I shall also be writing (again) to Her Majesty Queen Elizabeth II, our sovereign, to demand a more detailed and cogent response to the letter I addressed to her on 15 June, asking her to clarify these rumours that she too, and her entire family, are cold-blooded, egg-laying reptiles.
You may be assured that I will keep you posted as to the fruits of my enquiries.
I am, sir
Your servant
Dennis
dennis.
My place 9.30. I'm ready to pop.
Forgive me for pointing this out, Dennis, but I have searched 7.43 anon's post in vain for a mention of reptiles. Are you, perhaps, guilty of reading between the lines and thereby impressing your own fears on another? You seem to have quite an intimate knowledge of the topic - not that I would throw aspidistras your way.
Hi Dennis.
I see the face lift has not worked quite as well as the doctor told you it would. Well thats what happens when you trust so called professionals. They lie though their shiny well kept teeth, fuck your arse and cost you a mint, and thats if you are lucky.
I have sat though a whole seven hours of David Icke and not once did he mention Reptiles of any sort.
However you are all about to find out that it matters not one bit whether they are reptiles or not. The result will be just the same, as if they were, anyway.
I do not TRY to spread joy or happiness into your lives. Its not my job and so I don't get paid to do so. I only bother posting at all to help me improve my failing writing skills, keep my conscience clear, and so that I can play my favorite game of saying I TOLD YOU ALL SO.
I am not a politician, so I don't need to lie. Politicians do, which is why the public always elect highly skilled, criminally dishonest, murderous greedy, power crazed scumbags.
Atlas reflected that he would put his name at the top, but for some reason his PC will not allow him to do this anymore. So he signs it from the bottom hoping people will work out who is posting anyway, all by themselves. It seems he expected too much.
It is a bit pointless blaming Trichet - he is just trying to control euro inflation and keep a lid on it, in a way which the Bank Of England is not succeeding to do with Sterling.
The problem is in trying to have a single currency for such a wide range of divergent economies - but then it was almost designed to fail, so there is little that Trichet can do to change that..
Bunty, I have been delayed but will be with you soonest!
Kiss kiss!
D.
I gave the Euro 10 years before it hit fundamental problems. The first 7 years have proved me the wrong - the next 3 will prove me right.
It simply cannot survive - if it does the EU itself cannot survive the riots that will ensue.
surely not , its only finace or is it ??
exchange rates exploits weakness and strengths of an economy , the Euro exploits the weaknesses and strengths of those who live under its brussillian cloud, and requires a committee , preferably unelectable to make it work.
Is Ireland part of Europe? I thought the map of Europe for the Brussels political elite extends from their restaurant to their wine cellar
The EU is to democracy as Hitler was to racial equality
I was deeply depressed to read in the DM yesterday that there are now ONE THOUSAND PLUS laws & statutes that allow the big brother zealots of zanulab to demand access to my home Even more depressing was to read the list as provided by the DM and see how many of them are EU laws
The Irish are my heros! And I fucking hated the IRA! Tell the EU to go fuck itself my beautiful Irish rebel heros! Up the Irsih, down with the EU Empire!!!
this should have been part of anon 8:29 but my keyboard was having a conniption (hence the lack of full stops)...Yes, best of luck to the Irish & their fight to keep the Treaty of Lisbon aka complete surrender to the 4th Reich, at bay. I understand they've got some special welcomes planned for the midget Sarko when he arrives to browbeat them. Eireann go Breag!
Why all the moaning, groaning and pahtetic bleating from you ostriches? There WILL be another vote, and Ireland will vote YES; follow the money dearies, follow the feckin' money.
Alba gu brath...
"I have sat though a whole seven hours of David Icke and not once did he mention Reptiles of any sort."
Try reading his books. "Children of the Matrix" for a start.
http://www.amazon.co.uk/Children-Matrix-Interdimentional-Controlled-Thousands/dp/0953881016/ref=sr_1_8?ie=UTF8&s=books&qid=1216630421&sr=8-8
What rubbish!!!!
What central bank targets an asset class? Every central bank that I can think of targets growth, inflation, or shadows another currency. If the Irish central bank had independence it would probably target the CPI, like the Bank of England. Targeting the price of houses would leave it in a very unorthodox place.
Your post totally ignores the fact that cheap credit (from access to Germans' savings) was the source of Ireland's economic boom. In this sense, Ireland's boom is due to Europe (not through access to structural funds, but through access to cheap credit).
Anyway, Ireland ceded total independence over monetary policy when it joined the ERM, not the Euro. And even before joining the ERM there was no monetary policy independence - the punt shadowed the pound sterling.
It's ignorant euro-scepticism like this that ruins everything..
Euro constitution collapses.NATO flourishes.Kennedy funded IRA flourishes. Nationalism flourishes backed by NATO. Georgia, future member of NATO at war with Russia. Amercans may have won this round with Sein Fein supported EU no vote but with weaker Europe and stronger NATO, are we all off to war? After all the kennedys love Ireland, and hate a strong Europe. What with the Baghdad bounce on google and Irans petro trading in Euros are being used again for cold war 2?
I can't wait to going back to donkeys and carts and drunken Irish sports personalities and a ruling church etc etc.
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