November 24th, 2010

Feck Off Euro-Socialists

Euro-Socialist and Green MEPs have tabled a motion calling on Ireland to double corporate tax rates as part of a quid pro quo for a bail-out. Not a single Irish MEP has supported the motion. Ireland should just tell them to “feck off”…

Douglas Carswell is right, Ireland should decouple and default. Coupling the Celtic Tiger to the euro was a disaster, it was inevitable that when economic cycles were asynchronous the big core EU countries would set interest rates to suit themselves. The ECB kept rates too low for Ireland’s over-boiling property market, which predictably bubbled over. Exactly as Euro-sceptics from Farage to Redwood predicted would eventually happen.

The Irish property crash has destroyed the banks, none more so than Anglo-Irish Bank, a bank run by corrupt allies of the governing Fianna Fáil party. The state guarantees proffered in the panic of 2008 to Irish banks gave them the backing of the state’s ‘AAA’ credit rating. Those guarantees have now sunk the state’s credit rating.

A World Bank report from back in May 2009What Went Wrong in Ireland? written by Patrick Honohan, Professor of International Financial Economics at Trinity College Dublin, put the blame squarely on joining the euro and having the wrong interest rates:

…the underlying cause of the problem was … too much mortgage lending (financed by heavy foreign borrowing by the banks) into an unsustainable housing price and construction boom. The boom seemed credible to enough borrowers given sharply lower interest rates with adoption of the euro … it was Economic and Monetary Union (EMU) entry that really started the housing price surge by sharply lowering nominal and real interest rates, thereby lifting equilibrium asset prices…

Honohan isn’t some obscure professor, since writing that report Honahan has been made the new governor of the Irish Central Bank. Left-wing British commentators like the Fabian’s Sunder Katawala, the Indy’s Ben Chu and even Polly Toynbee are trying to blame Ireland’s woes on low tax rates and free market reforms. No serious Irish economist attributes Ireland’s crisis to low tax rates. The reason Polly, Sunder and Chu want to present that argument is to stick it to those of us on the right who praised Ireland’s supply-side economic policy reforms, which is why they point the finger at the likes of George Osborne, Dan Hannan, John Redwood and Nigel Farage. It is intellectually dishonest of them to cite derisively the British right’s praise for Ireland’s successful free market micro-economic reforms and ignore warnings from the same about the macro-economic systemic risk of joining the euro. That is exactly what the left-wing commentariat is trying to do.

The micro-economic reforms that led to the Celtic Tiger pre-date Ireland entering the euro and were designed to improve the supply-side potential of the economy, make markets and industries operate more efficiently and thereby contribute to a faster rate of growth of real national output. Low taxes and freer markets achieved that objective – incidentally many of those reforms were championed in the 80s and 90s by the Progressive Democrats – the party of which Guido was a member. After joining the euro in 2000 Ireland had negative real interest rates, sparking an out of control property bubble.

German economic advisers from Frankfurt have been in the Irish finance ministry and central bank for nigh-on a year. Last month the ECB in Frankfurt mandated the Irish government to pay off European holders of Irish bank bonds – the European bail-out of Ireland is really a bail-out of European lenders to Irish banks. In joining the euro Ireland’s economic sovereignty was surrendered by Fianna Fáil with the support of almost the entire political class, consequently the next generation of Irish taxpayers have had their future mortgaged. Guido could cry for what the europhiles have done to his country…


498 Comments

  1. 1
    Billy Bowden is the greatest umpire ever ! says:

    You make your bed then have to lay in it !

    Fuck the EU

    Like

    • 7
      The Leprechauns says:

      Exactly, and stick your bail out too, we’re going and down and we’re taking the rest of the world with us.

      Unless of course you have a very sweet deal to offer us? Ah, go on, you will.

      Like

    • 33
      Up sh1t creek says:

      UKIP’s Godfrey Bloom said it in European parliament…. The Europeans pretending to not know the meaning of the comment and the context (place) where it was just uttered.

      Like

    • 38
      Anonymous says:

      Left vote was spit between Labour and LD, if these parties were one there will be always a left wing lead, even in 1980s. Nick Clagg has single handedly managed it with the help of Cameron.

      In few months there will not be a LD party.

      Like

    • 48
      Anonymous says:

      In the good old days of Indian Raj, when the king was brook to pay the loans he got from East India Co, East India company went around collecting taxes from the people.

      Now Ireland is run will be managed from Germany. They already have Geese and Ireland, soon Spain, Italy, UK, etc. All your budgets are going to be controlled by Germany.

      Like

    • 79
      Up sh1t creek says:

      The Euro and EU project is crumbling.

      Like

    • 87
      • 136
        Last_ taxpayer standing says:

        Get stuck into ‘em Nige

        Like

      • 168
        Nick2 says:

        It is intellectually dishonest of (the left)

        Welcome to the real world. Sorry to say it but I’ve never met a left leaning ‘intellectual’ who didn’t instinctively practice Doublethink.

        Like

      • 263
        Nick2 says:

        Sort of OT, but here’s Godfrey Bloom calling Martin Shultz “An undemocratic fascist”. As a bonus Bloom can be heard at the start saying “Ein Volk, Ein Reich, Ein Furher”.

        Great delivery, Bloom!

        Like

      • 269
        british adolescent fresh from diveristy a-level seminar says:

        Yeah but I learned from my teacher that people like Thatcher and Farage tried to make all the people unemployed and that to stop racism we need to join the euro. Racism isn’t cool so i’m supporting euro. EURO FTW.

        The BBC and the bit too much right-wing david cameron who is cutting the state back to the level of 1996 before there even was a NHS or schools said that UKIP are racist loonie fruitcakes.

        Anyway farage is a white male and my teacher said they were responsible for slavery and that only the labour party can save us from slavery.

        Hopeing i get an A**** though only predicted an A** for my gender based, politics a-level.

        Like

    • 160
      Willsteed says:

      Where is the cartoon from, it gets no credit. 1000% better than the usual stuff on this site.

      Like

    • 180
      The Fourth Re1ch says:

      the European bail-out of Ireland is really a bail-out of European lenders to Irish banks.

      YES! That is exactly right Guido. Any other commentary is just purely flim flam.

      The Irish people who were told to vote until they gave the right answer to their European masters are now in massive debt to their masters. At least they were given a vote mind.

      Like

    • 204
      ST says:

      This is disgusting. Germany and co. now intend to remove one of the few competitive advantages Ireland has in it’s arsenal.

      I watched Dateline London on Saturday were Polly Twoddle said tax should be equalised across the EU to prevent these distortions.

      So Polly wants all the small countries of Europe to be further impoverished.

      Ireland is geographically remote from the remainder of the EU market, has a small labour market which is no more productive or educated than Germany’s. So how exactly are they to compete if they can’t differentiate themselves through the tax system?

      Like

    • 253

      Here’s a proud Irishman with something interesting to say. I dont completely agree with everything thing he is saying, but by golly I admire his spirit. By the way his sisters are good looking too.

      Like

    • 443
      andrew says:

      THEY NEED TO SERIOUSLY LOOK AT A COMPLETE WITHDRAWAL FROM THE EU, AND USING TAX RATES TO BE THE HONG KONG OF EUROPE

      Like

  2. 2
    Neil Evans says:

    Oh come on… “low interest rates stoked an unsustainable property bubble”, so it had nothing to do with profligate borrowing? Ludicrous unsustainable unchecked growth and a population that suddenly thought it could have it all?

    Like

    • 4

      Profligate borrowing stems from low interest rates.

      Like

      • 9
        sockpuppet #4 says:

        Sounds like a train driving its self towards a cliff. While everyone enjoys themselves in the dining car.

        Doesn’t anyone in the banking system notice an unsustainable bubble and say “No, your plan is bollocks”.

        Like

        • 22
          Pissed off voter says:

          Of curse not, it might adversely affect the bonus, old boy,

          Like

        • 30
          Sir William Waad says:

          You have to remember that most bankers are thick. There are some very clever bankers in the technical parts of banks, but they are like a group of brainy boys and girls playing at making explosives in the chemistry lab under the dunderheaded teacher’s nose. Banks have shown themselves to be hopeless at the simple business of lending money (interest rate, repayment terms, risk of default, security) and at assessing risk. Usually, they get away with it, because if you have control of billions of other people’s money it is really hard not to make a profit.

          I have to meet bank ‘relationship managers’ from time to time and, believe me, I have quadrupeds with more knowledge of business.

          Like

      • 14
        Brian Cowen Taoiseach (For now) says:

        Those in the banking system who noticed this were not in the banking system for long!

        Like

      • 18
        Johnny Logic says:

        No-one makes people borrow profligately. It actually stems from greed.

        Like

        • 145
          Susie says:

          Greed is part of human nature, which given the right circumstances (i.e. low interest rates) will exploit that environment.

          Terribly simple — only the borgs at the EU, being borgs, don’t understand human nature.

          Like

      • 35
        mockmayoress says:

        And Guido knows perfectly well that interest rates are deliberately kept low in full understanding that this will induce people to borrow more … and more …

        Like

      • 132
        Neil Evans says:

        No it doesn’t – It stems from a) Banks willing to lend to anyone and b) people living beyond their means.

        There are a million warning signs for this, and the Irish ignored it. Sorry Guido, but you’re wrong on this, and until people keep trying to find a quick and easy scapegoat it’ll carry on happening.

        Like

        • 170
          stun says:

          Yup. The benefits of artificailly low rates from Euro-land, followed by the politicians basking in the glory of inflation indices which didn’t include house prices. I could laugh at the micks, but our politicians did the same by devaluing Sterling. Hoons, the lot of them.

          Like

        • 209
          Hugh Janus says:

          For what it’s worth, here’s my scapegoat in the form of the EU.

          Quote from the Europa site regarding the Stability and Growth Pact:

          “The Stability and Growth Pact is intended to ensure that Member States maintain budget discipline in order to avoid excessive deficits. It therefore contributes to monetary stability. Member States coordinate their economic policies at European level.”

          So, that was a rip-roaring success then?

          Like

        • 254
          HandsomeDavid says:

          In 2005 the IMF singled out three EU countries for having an uncontrolled housing boom. Namely Spain, Ireland and the United Kingdom.

          Did any of our great leaders listen. No they did not. The blame lies squarely on the shoulders of those in power at the time.

          Like

        • 324
          smoggie says:

          It isn’t happening now mr know-all.

          Like

  3. 3
    Mine d'Boggles says:

    Forgotten all about Greece, have we? Roll on Portugal, then we can forget about Eire. Roll on Spain and ….. bloody Hell.

    Like

  4. 5
    sockpuppet #4 says:

    “tax rates too low” – I don’t know the history but were they running up a deficit at the time? If they weren’t intending to cut how much they were spending at the time, just hoping that in some golden future there would be enough money, that doesn’t sound like something a serious economist would go for either.

    Sounds more like the ed balls “cross your fingers” school of economics.

    Like

    • 28
      Larry Leprachaun says:

      They are looking for my pot of gold, begorrah, no chance.

      Like

    • 39
      Call me Infidel says:

      The clue is in the name Fianna Fáil

      Like

    • 65

      Ireland was actually attempting to put money aside for when the good times ended. If they hadn’t promised a Brown style bank bailout then they would have had at least some cash set aside.

      As opposed to here where Gordon ran a deficit in the biggest of big booms.
      Iceland has devalued its non euro currency 80% to get out of the hole.{and reneged on its promises to bail out its banks..mostly because..well because it can’t.}

      Ireland cannot do either. And so must fall into line with the EU.

      {putting up its corporation taxes will almost certainly result in much less tax income, as those corporations bugger off to the next country who decides to go lower than the EU norm. It even might be us? }

      Like

      • 150
        Susie says:

        Which is N. Ireland. Apparently.

        They’re setting up as a low corporation tax haven.

        Like

        • 212
          Poor Bill says:

          Is Iceland going to remain free. ?

          They have Marxist politicos too.

          Like

          • Susie says:

            Funnily enough, I’d imagine so… lots of fish and dirt cheap geothermal energy. They’re going to keep themselves warm and not starve — which will look like success to the rest of us in a few years time.

            Like

      • 366
        Osama the Nazarene says:

        So far they’ve resisted Deutsche pressure in putting up the Corporation tax.

        Like

        • 374
          Anonymous says:

          For now but you can bet “as interest rates spiral upwards” the French and Germans will “recommend” upping the Corporation Tax rate.

          The sooner we’re out of this whole rotten project the better.Cameron ( and the Europlile Libs ) can erm and ah as much as they want.But they cannot escape the fact that the EU is a FEDERALIST project and the unelected,unaccountable EU Commision will NEVER allow reform in the direction of accountability.

          Therefore the British people will never accept it and its now in the coalitions hands.Deny and capitulate all you want.WE THE PEOPLE WILL PREVAIL.WE WILL DEMAND OUR COUNTRY BACK.YOU WILL LOSE.THE TIME IS COMING WHERE WE WILL TAKE TO THE STREETS AND IT ISN’T FAR AWAY.

          Give up party idealogy we the people are sovereign and the power to govern us is given by CONSENT.You have NO RIGHT to deny us what is ours DEMOCRACY.

          Like

  5. 6
    The Court of Public Opinion says:

    If the IRA do start up again, battling for, err, Irelands independence, who they gonna fight? The Irish people? They chose to join the cursed Euro. Britain? Not only was it never part of it but has just agreed to cough up £7bn their way.

    There’s only Brussels left! Controlled by Germany, natch.
    Well, tis better late than never, oi say.

    Like

    • 155
      Susie says:

      Another case of having to be careful what you wish for… however long ago you wished for it.

      Like

    • 264
      Anonymous says:

      Maybe they will shoot a few bankers.

      P.S I’ve got a lot of 9mm unissued NATO free to a good home (knock twice and ask for “The Colonel”

      PPS I may have a few addresses in SW7 you might wish to visit

      Like

  6. 8
    Cato Street Conspirator says:

    But you knew all this on 9 December 2009, Mr Fawkes, but nevertheless wrote:

    “The Budget Britain Needs Was Delivered in Ireland

    “By coincidence here in Ireland it was also budget day, the Finance Minister Brian Lenihan delivered a 7% cut in public expenditure to match the 7.5% fall in GDP in 2009. To equal that Alastair Darling would need to have announced £40 billion in public expenditure cuts today.

    “Here are some of the reasons Guido thinks Ireland will bounce back faster than the UK…”

    So tell us, will Ireland be bouncing back faster than the UK thanks to the government punishing the people for its own and the banks’ errors?

    Like

  7. 9
    Billy Bowden is the greatest umpire ever ! says:

    Ok , this may be a silly question , But , What would happen if the Irish people voted to reverse there independence and be goverend by westminster and use sterling ?

    Like

  8. 11
    Sir William Waad says:

    Some people say that Ireland couldn’t leave the euro. This is untrue, because they decoupled from the pound sterling in 1978. Nor is there any reason to fear people taking all their money out of Irish banks, since they could keep it in euros if they wished. The New Punt would become the only legal tender and the Irish govenrment would do business in the new currency.

    Like

  9. 11
    Carl Sagan, astronaut says:

    So the Irish really are thick, then.

    Like

  10. 15
    nell says:

    And let’s not forget lots of british and irish second homes investors bought along the spanish med with low interest rate loans.

    Spain ( and Portugal) aren’t far behind Eire.

    It’s almost like that domino game we used to play as kids isn’t it? Stand em up, push one and watch them all fall over.

    Like

    • 74
      6EQUJ5 says:

      If Spain falls then Italy will be next. Germany and the ECB will have no option but to abandon the Euro, end of!

      Like

      • 88
        barefootcontessa says:

        Then the Germans will be in their rightful place, the one they always wanted to be in , ……..head of Europe, and Britain.

        Like

        • 121
          6EQUJ5 says:

          But do you think the Germans want to be holding ALL the debt of the PIIGS countries?

          Like

          • Smig says:

            The Germans and the ECB have already re-packaged the debt and sold it on to the Chinese.

            Offload the crap and then keep selling BMWs and Mercedes’ to the cash rich Chinese.

            Only took 70 years for the Germans to have domination over Europe. Nice bit of long-term planning that.

            Like

      • 127
        Cosimo de' medici says:

        What on earth is your evidence that Italy will be next? Have you any idea at all of the banking system there? I thought not…

        Like

        • 143
          sockpuppet #4 says:

          Its one I wondered to myself about.

          Is northern italy similar enough to Core EU countries to be able to cope with the Euro, but the southern half rather less so.

          Like

        • 174
          6EQUJ5 says:

          Cosimo..stick to things medical, there’s a luv.

          Like

        • 185
          Anonymous says:

          Well, given Burlesconi’s connections, I’d assume Italy makes Ireland look like Puritan England circa the 1640’s. Forca League-Nord!

          Like

  11. 16
    anonymouse in the Treasury skirting board says:

    There is a parallel with the late 80s. Lefties regularly claim that Lawson’s reduction of income tax to 40% was responsible for the boom. In fact it was then, as it is now, tying oneself to an inappropriate exchange rate that did the damage.

    As the Deutschemark struggled and the pound strengthened against the background of strong corporate investment in the UK and stagnant growth in Germany, Lawson had to cut interest rates to artifically keep the pound down within its ERM band. Low interest rates led to excessive borrowing, which, well, we know what happenned.

    Then we got out because the situation was reversed as Germany boomed post unification and we sank. Hurrah for that.

    Ireland has to do the same.

    Like

    • 146
      Maximus says:

      It sounds like you are covertly arguing for unification. (Not that I have any particular problem with that).

      Like

  12. 17
  13. 23
    william says:

    Compare and contrast the economic success of Eire,pre the Euro fiasco, to the performance of Scotland,cruelly controlled by Scotsmen.

    Like

  14. 26
    Anonymous says:

    It makes no sense for the UK to throw its money at this problem and, as Stephen Glover wrote in the Daily Mail, it is inappropriate for David Cameron to indicate that he will rubber-stamp a new EU treaty intended to increase the powers of the European Central Bank and the European Commission.

    Like

  15. 31
    Billy Bowden is the greatest umpire ever ! says:

    Anyway , How is this affecting the quality of Guiness ?

    Like

  16. 34
    genghiz the kahn says:

    One radio reporter described Brian Cowan as Gordon Brown without the emotional intelligence.

    Looks as if joining the Euro was not such a bright idea, particularly if you can’t leave it.

    Like

  17. 37
    Anonymous says:

    Anyone saying the Ireland should decouple and default (i.e. restructure, to true default is basically impossible) is a fool. Most of Ireland’s sovereign debt would still be denominated in Euros and now it would have to be serviced from the position of an extremely weak punt, restructured or not. Inflation would go nuts, see Argentina in 2002.

    That doesn’t mean I don’t agree that the crisis in Ireland was caused by the loss of independent monetary control, etc. but just because joining the Euro caused the crisis doesn’t mean that leaving it right now is going to solve it

    Like

    • 59
      Zed says:

      Agreed.

      Recover THEN leave the Euro.

      The EU is now finished.
      This is the beginning of the end.

      Rejoice

      Like

      • 175
        Susie says:

        I wonder how ol’ lady Thatch is feeling tonight… “I think I might be allowed a celebratory whisky, Carol”.

        Revenge is sweet.

        Like

      • 240
        smoggie says:

        A weak punt would help exports which a strong Euro would not. It isn’t a clever ruse to magically reduce the debt but to help the economy so that they would be better placed to repay that debt.

        Like

        • 395
          Pinky meet Perky says:

          The Euro would almost certainly collapse if the Irish defaulted therefore your logic is not sound. Debt may be in Euros, if it survived, but in very weak Euros, if it did. 0/10

          Like

    • 82
      Mr Ned says:

      So? They tell the EU to fuck off, refuse to pay and issue their own debt free money instead. Then they have a full reserve banking system and have the elected Government only issue enough money to ensure monetary growth per years stays low. Have a law requiring a very low increase in the amount of money created.

      Like

      • 94
        Anonymous says:

        So the euro-denominated debt of individuals and companies would then be denominated in the new currency, but the Irish government would then have to take on the euro-denominated private debt itself. No such thing as “debt free money”. So you’re still suggesting a sovereign default, which really isn’t as smooth a process as you seem to think it is… whether you agree with the Euro or not it’s better just to let oneself be bailed out than to default on all debts.

        Like

        • 116

          It isn’t easy but it is better than a generation of over-taxation to pay the private debts of banks to bondholders.

          Like

          • Poor Bill says:

            Ireland fishing rights, plus their farming and gas exports, plus their very friendly relationships with the commonwealth countries (Good will, I think they call it in t’city), should set it up quite well. If independence is declared again.

            What do you think bomber ?

            Like

          • Susie says:

            Precisely. I’m wondering how the lads in Chicago and New York are feeling about this. St. Patrick’s Day is huge stateside.

            Like

          • The election cry says:

            Home rule for Ireland!!

            Like

          • Lord Haw Haw says:

            Yes interesting point, the Yanks have gone very quiet about Ireland’s problems. When it suits them, they’ll take ever opportunity to knock the English either through the supply of firesticks or funding a Hollywood blockbuster rewriting history, usually featuring Mel ‘the short arsed Aussie racist’ Gibbson.
            But I agree that we should try and help Ireland, all that nonsense in the 60’s,70’s and 80’s etc should be put behind us and the two countries should work together for a change. We need a good neighbour such as Ireland but after this we should tell the EU to bugger off with the next begging bowl.

            Like

        • 373
          Mr Ned says:

          “No such thing as “debt free money”. ”

          There is if the Government chooses to print it’s own money debt free. As for the other private bank created fraudulent scam money, just do not pay it. FUCK the ECB!

          Like

  18. 41
    sockpuppet #4 says:

    I’ve wondered why there aren’t different interest rates for houses, and more sensible company investment.

    Of course, there are different interest rates based on how risky you look.
    If you are trying to set up a risky looking company, you might not get any normal sort of bank loan and have to ask elsewhere, and pay more.

    Banks make decisions on what interest they’ll charge for a loan, and whether they’ll do it. If they hadn’t been suffering from a great delusion of “safe as houses”, they could have said “Base rate plus 5% for your bloody silly house” or just “no”. But of course, groupthink at the time meant they weren’t making that decision sensibly or rationally, and were walking over each other to lend.

    You know in france, the government involve themselves in who gets a loan, in a way that would astonish anyone, never mind a freemarketeer. Their property boom was a far more muted affair. (thats not a solution i would promote by the way).

    Like

    • 187
      Susie says:

      The thousands of nail bars in our high streets wouldn’t like that one little bit.

      “So, Ms Trollop, you imagine people would rather have their nails done, than eat?”

      Like

      • 207
        sockpuppet #4 says:

        A nail bar? the words made me think of hardware stores, so I find myself a bit lost from the start.

        Err… who’s saying that – the bank manager? So the nail bars cannot function unless they’re given loans that don’t make sense?

        Like

        • 239
          Poor Bill says:

          Your thinking of ‘4 candles’.

          Candles 4 in number.

          Like

        • 249
          Susie says:

          You’ve got a penis haven’t you? I can always tell.

          Like

          • sockpuppet #4 says:

            Well, I’m talking shite on the internet, therefore I am.
            What’s your excuse?

            You still leave me sitting here wondering about banking.
            If the bank managers were sensible enough not to lend money to people they don’t understand, there wouldnt be nail bars. I see no downside.

            Like

  19. 43
    Tickle Duster says:

    If you read Philip Stephens in the FT today you’ll see he and the FT are still in deep denial about what caused the Irish bubble. It’s pretty sad to see such naive economic analysis.

    Like

    • 68
      Mike Litorus says:

      Well it is the Financial Times, they have called all the major economic events wrong – should almost be called the Financial Guardian…

      Like

    • 158
      Lord Carrington's Binoculars says:

      The FT backed Labour in every election from 1992 onwards. Would love to reads their ‘commentary’ from the late 1980s on why the UK had to join the ERM/ECU. And the explanation after we’d been ejected.

      The denial of the metro-left is gob smacking. One interest rate will never fit all. The Euro maniacs are willing to destroy jobs and even entire economies in pursuit of the federal dream.

      I once sketched out a anti-Euro idea for a TV ad. Presented by Clarkson, it would have used different size cars to represent the different sized economies of the Euro Zone.

      The cars would then be driven around an undulating test track in the same gear – as in using the same interest rate. We could then sit back and watch as the cars/countries found themselves in the wrong gear/rate most of the time.

      Struggling uphill in too high a gear and over-revving and over-heating when zooming downhill.

      It’s not rocket science, as Werner Von Braun used to say.

      Like

  20. 44
    I love Nigel says:

    Europe is sinister.

    Like

  21. 46
    Socialist says:

    Europe is the way forward, comrades!

    Like

  22. 54
    NotaSheep says:

    But this is how the EU will take control of a whole raft of member countries. Yesterday Greece, today Ireland, tomorrow Portugal, who next, when Spain? But Spain is too big for the EU to bailout in the same way, I hear you cry. Maybe, but then special measures will be needed to cope with the Spanish situation, special emergency measures that will not allow for referenda and before you know it we all be part of an EU Super State bound together irrevocably. Godfrey Bloom may live to see his words come true.

    Like

  23. 55
    Zed says:

    o/t

    Well done, Michael Gove. Kudos.
    Listen to those unions and failing teachers squeal.

    They have let down our country and our children for generations as we pay through the nose and over the odds for sub-standard education.

    5% of teachers ought to be “let go” every year until we are rated first-quartile.

    Like

    • 196
      Susie says:

      Agreed. Get those sergeant majors into the classrooms — yoof against a combat-experienced marine? I don’t think so.

      Like

      • 400
        Pinky meet Perky says:

        Unfortunately, due to PC rules, said SM’s would be unable to chastise yoofs, without getting into a whole heap of trouble. Dwayne and Arif know that only too well.

        Like

    • 282
      Tessa Tickles says:

      What a cool idea! Neutron Jack would agree, and me too. Everyone would agree, except the loony-lefty teachers, really – which proves you’re right.

      Like

  24. 56

    Fully Agree Stick your Bail OUT We have being sold down the river by Biffo ad his FF colleagues and the GREENS. Don’t see any of our political elite taking any cuts in trying to back this EU Bail Out The less well off as usual are hit with Fianna Fail and the Greens 4 year plan its time the people of Ireland Bailed Out we have surrendered everything to this EU with the help of Fianna Fail’s and the Greens

    Like

  25. 57
    sockpuppet #4 says:

    OK. So lets get this straight.
    Unless the government can dictate to the banks what interest rate they set, the market fucks things up completely. So the government must control and run the market?

    Now if this wasn’t the euro we were talking about, but a standard currency unit, independent of govenrment. Something like a gold-standard international-thaler.

    Surely then banks would decide what interest rate to charge based on risk and local conditions. And even if such banks were able to borrow money at very low rates in an international market, they’d have the sense not to splurge that cash on bollocks.

    Like

  26. 58
    Europe can feck off. says:

    So who is next? Portugal or Spain? Both economies are looking ropey.

    Like

  27. 60
    Dack Blog says:

    Well, a quiet afternoon at Sinkschool High as all the ‘misunderstood’ (naughty) kids used the demo as an excuse for bobbing off period 5.

    Like

    • 63
      A Pedagogue says:

      They never got there. The Sinkschool boys would have got the van started.

      Like

      • 72
        Anonymous says:

        Precisely.

        As has been proved , these nus demonstrators are not from working class or even welfare class backgrounds, they are from well-to-do middle class blackgrounds.

        They think these demonstrations are a chance to have a bit of anarchic fun. Light bonfires, throw missiles at the police, thumb their noses at parents who have slaved all their lives to give their kids the chances they didn’t have themselves.

        Let’s face it the nus and student organisers know how to exploit these people for their own ends.

        Kids from sinkschools and off sinkestates are more streetwise. They wouldn’t be exploited by the aaronporters (wannabee the next jackstraw) people of this world.

        Like

    • 67
      Anon says:

      *Bobbing off* ?

      lol – sounds like fun old girl x.

      Like

  28. 66

    Sunny Hoondal has been posting that the Irish budget cuts, not the euro, are responsible for Ireland having to take a bailout.

    He believes if Ireland had just run up a lot more debt then its economy would have grown, enabling it to raise taxes from that growth.

    He omits to mention that if Ireland HAD kept on borrowing its bond offers would have had to be nearer to 155 than 6% so effectively canceling out all that debt-spending tax income..

    But then they could borrow even more..at maybe 20% and …and.. and then you move into the fantasy bunker with Gordon, Sunny.

    Like

  29. 69
    Fred Kite says:

    Wet whining socialists like Polly moaning about low taxes – now there’s a surprise. The lefties want to tax tax tax and more tax. It’s the only policy they’ve got. They cannot stand the idea of wealth being created, of people enjoying the fruits of their work, and becoming independent of the state teat.

    No, far better to tax people and business into the ground, and re-distribute those taxes to people who want to sit on their fat lardy lazy arses all day watching Sky 3 fuckin’ D.

    ireland had the right idea about taxation, but the wrong idea about joining the Euro. But they allowed themselves to be bribed by the europarasites.

    Like

  30. 71
    He saved the world, don't you know says:

    Like

  31. 73
    Mr Picky says:

    So being a simple soul tell me if I have this right

    The ECB is forcing European taxpayers to bail out the Irish?

    The money they recieve will be used in the main to repay debts to European Banks mainly German?

    These are the same genuises who over lent Money to them fuelling the false boom in the first place causing this collapse?

    Nice or am I as thick as the Irish ?

    Like

    • 402
      Pinky meet Perky says:

      You are correct sir. The average Irish person will live in poverty for decades to come so Deutsche bank shareholders will not be incovenienced by the German banks actions. Oh yes, Ireland will effectively become a province of the EU ( Germany writ large ).

      Like

  32. 76
    Major Eyeswater says:

    Strauss-Kahn, never one to waste a good crisis:
    “Peer pressure has not served Europe very well. It’s time to change course. The center must seize the initiative in all areas key to reaching the common destiny of the union, especially in financial, economic and social policy. Countries must be willing to cede more authority to the center. Mechanisms must be redesigned to give them the incentives to reform….”

    “The most ambitious solution — extensively discussed in the academic literature — would be to create a centralized fiscal authority, with political independence comparable to that of the ECB. The authority would set each member’s fiscal stance and allocate resources from the central budget.”

    EU nutters want it all….

    Like

    • 216
      Margaret Thatcher says:

      NO, NO, NO!

      Like

    • 276
      Old Boy says:

      The very essence of power is people want more.

      There simply isn’t enough to go around though and sooner or later you come across and against others with the same idea and then it’s war….

      Like

      • 377
        Mr Ned says:

        The only reason that there is not enough money to go around is because that is how the central banking system is designed.

        Every pound created is created as a loan with interes owing on it. From the moment that pound is created, the debt is bigger than the available money to repay. The money to pay the interest is not created as part of the loan. So this means that there is never enough money in circulation to repay all the outstanding debt. By design.

        Like

    • 376
      Mr Ned says:

      That sounds frighteningly close to the problem, reaction solution scenario as predicted by the likes of David Icke.

      It obviously is not true then. Ireland cannot be in the shitter and we are not facing a financial crisis which could herald massive loss of sovereignty, eh AC1? After all the financial banking elite do not conspire to manipulate economies do they?

      Like

  33. 78
    Anonymous says:

    No doubt when gordon’s book ‘I saved the world’ is released on 7th Dec, and all the economists in the EU have bought a copy and decided to follow his demands for tax tax tax and spend spend spend, then the euro and eu will be saved for our future generations.

    Hopefully not. With luck the euro and the eu will be dead and gone within the next 50 years.

    Like

    • 181
      Tessa Tickles says:

      Move the decimal point two spaces left.

      Like

    • 329
      Righty Right Wing (Mrs) says:

      Oh dear lord, if McMental can unleash disaster by his mere presence or an utterance from his mouth, imagine what an international book launch could do to the worlds fortunes on December the 7th?

      Stock up on baked beans & shotgun shells – anything could happen when that book hits the shelves.

      Be afraid, be very afraid.

      Like

    • 488
      Mike Hunt says:

      ‘A day that will live in Infamy’ – FDR on 7/12/41

      A good day to release his poxy book.

      Like

  34. 85
    DAVE (all wind and piss) CAMERON says:

    Celtic Tiger do me a favour
    whimpering pussy more like

    Like

  35. 86
    Upchuck Your Mumma says:

    This is worth watching all the way through. Chucka is a pretentious twat, the type of Labour MP who thinks shouting and being offensive is a legitimate approach to discourse. And check out the reaction of the Tory MP next to him when Upchuck asks Osborne if he’s ever been on JSA.

    Like

  36. 89
    Billiy Bowden is the best umpire ever ! says:

    First!

    Like

  37. 90
    Joss Taskin says:

    Will Ireland repay the billions and billions in subsidies they received from Brussels over the last 20 years which helped create their paper Celtic tiger economy ????

    Like

  38. 91
    Stop! Thief! says:

    So if Ireland follows Carswell’s advice and decouples and defaults, does that include our £7 billion?

    Like

    • 161
      Tessa Tickles says:

      Yeah.

      But it’s OK, as it’s really China’s £7bn. We’re br*oke, we have no money to lend.

      Like

  39. 93
    AnotherAnon. says:

    UKIP’s Godfrey Bloom calls Martin Schulz an ‘Undemocratic Fascist’

    Like

  40. 95
    barefootcontessa says:

    For a little light relief check out a letter c1720 on a Shakespearean marriage. http://www.newsagentprovocateur.blogspot.com

    plus another marriage, the £5bn one, the one we’re already sick of and can’t possibly afford.
    http://www.tolpuddlemartyr.blogspot.com

    Like

  41. 98
    Wide eyed and legless voter says:

    Is it true, that in the spirit of all in it togetherness, severe cuts are to be made to MPs salary and allowances?

    Like

    • 105
      barefootcontessa says:

      Dream on.

      Like

    • 157
      Tessa Tickles says:

      You are absolutely correct.

      Accepting their full responsibility for the £750bn structural deficit and, indeed, Britain’s £4.8trn national de*bt, all MPs – and all civil servants – have agreed to work unpaid for the next 40 years.

      They’ve also agreed, unconditionally and without reservation, that should they renege on this deal, we can kill them all.

      Like

  42. 102
    Ever Decreasing Circles says:

    Billy Bowdens Euro Singathong.

    Like

  43. 104
    Anonymous says:

    Feck off Euro-Socialists, said every government since what? 1957 or so?

    Like

  44. 107
    nell says:

    edmilitwit is even less charismatic than gordon, so much so that I forgot it was pmq’s today.

    Apparently when cameron pointed out to him that his only policies at the moment were the 50p tax and the graduate tax, which both his chancellor and major members of his front bench disagreed with, he turned white and postman pat and hatty turned red.

    Labour’s civil war in colour!! I bet yvette and balls (and of course squeaker’s sally who adores edb) were laughing behind their hands.

    Like

    • 124
      The Twilight Zone says:

      Thank God you’re paying attention to Labour’s efforts, nell.
      No-one else is.

      Like

      • 138
        nell says:

        Never take your eye off the enemy sweetie. Not unless you want them to stab you in the back.

        And believe me the militwits and the kinnochios are the sharpest political tools on the block!!

        Like

  45. 108
    Dick Robinson says:

    The government claims that Ireland is a friend in need.

    Well, when you want to help a friend with a drug or a gambling problem you don’t just keep giving them money without tackling the root of the problem, you help them escape from the cause of their misery first.

    Of course, the pushers and gangsters in Brussels and Frankfurt don’t want that but we should have made a principled stand.

    Like

  46. 112
    Peter Carter-Fuck says:

    Tell the EU to feck off? I don’t think so. The Irish are going to have to relearn the relationship between the colony and the empire. Hint: they tell you what to do, not the other way round.

    Like

  47. 113
    Father Ted says:

    Well, dat’s what happens if you leave Father Ted in charge of da brewery, I mean, Treasury

    Like

  48. 125
    PIKEY NATION says:

    Rearrange these words :

    bed your made now it lie you in

    Like

    • 133
      The wheels on our economy go round, round, round says:

      Rearrange these words.

      To a caravan park near you coming soon.

      Like

  49. 129
    Billy Bowdens Best Quotes says:

    It might rain tomorrow on the HoC, but then again, it might not.

    Like

  50. 151
    Mystic Smeg says:

    *Cough* Being neither scientist nor quack but a well-respected fortune teller, I thought I’d whip my balls out and stare at them.

    After giving them a quick wipe, a problem arose and had to be attended to immediately.

    Problem diminished, I went back to my favourite ball to see what it held.

    Fascinating! The world appears to be heading towards a catastrophic failure.

    Ireland, Greece, Portugal are the warning triangles in front of the broken-down USA, Germany and England.

    In the great Ponzi-Gig-In-The-Sky, everyone becomes beholden to a backward country coming forwards.

    Politicians grumble: We were there once- two hundred years ago.

    So, this never ending cycle of insanity continues.

    My balls tell me that, in 2045, a million sixth-formers are choosing CMS degrees (Chinese and Media Studies) in an attempt to have any kind of future.

    My powers are fading now. My balls are tired.

    Don’t say I didn’t warn you.

    Like

  51. 152
    Pundit says:

    The world is ruled for the benefit of bankers and the leaders of global corporations. Politicians are either part of this clique at the outset or they are sucked into it. They always chant the mantras of democrarcy and liberty. In fact they simply exploit democratic systems for their own ends. We need to kick over the whole fucking applecart, starting with Ireland defaulting.

    Like

    • 179
      My old man's a dustman, he wears a dustman's hat says:

      NO, NO, NO!

      Politicians enter Parliament armed only with a desire to better the lives of Britons. Bankers weave their magic carpets to take us all on a ride to capitalistic Nirvana, and Corporate leaders have a trickle down relationship with the masses.

      Like

  52. 154
    Thank fuck he's not Prime Minister anymore says:

    If you missed the Mandelson documentary last night, there was some rather amusing moments where McDoom was caught off guard. You have to feel sorry for the poor young woman whose job it was to mike him up for a speech. She had to be up close to his gruesome girth. He talks to Mandy and then when he realised he was on camera he just turned round and walked off. Mandy’s look to camera tells you what he thinks of Mentalist. But what cracked me up the most was his walk. He has THE most mincing gait I’ve ever seen. I’ve put together a brief 1min compilation of McDoom at his most hilarious.

    Like

    • 164
      My old man's a dustman, he wears a dustman's hat says:

      And yet this t’urd was able to rise to the surface, and achieve the highest office possible.
      What does that tell you about the British Establishment and it’s wonderful Parliamentary system?

      Like

      • 226
        Maximus says:

        That it’s a nest of komodo dragons so busy watching each other that it can allow a scotch fairy to mince into its midst unremarked.

        There are other interpretations.

        Like

    • 173
      nell says:

      Yes he clearly minces.

      I think it is immensely sad that sarah allowed herself to become locked into marriage with this ‘man’ in order to rescue labour and his , what they believed would be the most amazing labour PM ever, only for him to become the most failed PM of all time!!!

      What an absolute tragedy for her that has become!!

      Like

    • 190
      'ello sailor says:

      Hence the name Prime Mincer.

      Like

      • 198
        from the heavily gilded office of the Prime Mincer says:

        yes I always rather liked that moniker kindly given me by the writer and so richly abused during the election.

        Like

      • 221
        P. Mandevilson, the Eminence Greasy says:

        He minces because he’s used to having my hand stuck up his ‘arris.

        Like

  53. 162
    jeremyp99 says:

    What he said – I don’t know who this guy is, but he’s on a roll.

    Like

  54. 165
    Sarah Palin is a Socialist says:

    Comrades! Prepare to stick by our North Korean Allies!

    Like

  55. 177
    Atlas shrugged says:

    What is money?

    Where does money come from?

    As all major industrial countries, bar a very few indeed are in masses of net debt, to which countries, or more accurately to whom is the debt with interest payable to?

    Why are we paying any interest whatsoever on what is surely BRITISH pound notes, printed on british printing presses, and issues from apparently a British Bank of England?

    Do any of YOU know the answers to all, or even some of the above questions?

    No I thought not.

    How about some more?

    Who actually controls/owns the Bank of England, because it is most self-apparently not the banks governors, the British people or the British government?

    Who owns the BBC, as again it sure is not the organizations governors the British people or the British government?

    Which family along with which groups of their friends and associates, using their very own international/pan continental banking system set up both The EU and UN?

    If you could answer these questions, then ALL of the problems of Ireland, and much of the rest of the world over the last 250 years would suddenly come into sharp focus. Which is of course one of the main reasons why you do not know, and why absolutely no one for the BBC will ever tell you.

    I think it is perfectly clear that we have a CONSPIRACY afoot. A conspiracy between the PRIVATE owners of the ENTIRE worlds banking system, and so called democratically elected governments going back for at least 200 or more years. More likely 2 or more thousand years.

    Only as far ago as 150 years, you could have spent the rest of your days rotting in a debtors prison for owing as little as 2 shillings (20p).

    Now days the same crooks are still running the entire show, only this time they allow the hopeless debtors to stay on the outside working themselves pointlessly to death simply paying back the interest on their never going to be payed back loans. This goes by the name of DEBT SLAVERY. However it gets much worse.

    This because we now have universal income tax payable at source, namely PAYE, as well as a whole host of less direct taxes, with far more to come.

    This means that even if you personally have never borrowed any money you could not easily pay back, our criminally incompetent, or just plane criminal government can now do this for you, and in your name. Which is indeed exactly what they have now ALL done with great big brass knobs on.

    This now means the following.

    The establishments banksters not only own your government, ( which is of course nothing new at all, ) the banksters now own YOU, your children, and your children’s children. We are now ALL Debt Slaves, whether we know it, like it, or deserve it, or not.

    The easiest way to understand, as well as remember how this scam has been achieved is this.

    Socialism = Corporate Capitalism = Marxism = Communism.

    They are not now, and never have been in any real conflict with each other, they are all run and also largely invented by exactly the same very small groups of extremely private individuals. These people are as much friends with the North Korean people as they are with the South Korean people. Which of course means they are the worst possible enemies of both.

    Like

    • 181
      Atlas shrugged says:

      Sorry 10P

      Like

    • 188
      Brenda from Windsor says:

      Is One included in that group?

      Like

    • 203
      Shamus O'Cunt says:

      you forgot your 9/11 and church conspiracies…unlike you Atlas when your missives never fail to bore us rigid

      Like

    • 243
      smoggie says:

      Loads of rhetoric no fucking answers.

      Like

    • 244
      Maximus says:

      Read this very carefully.

      The evidence on the whole does not support your assertions. To conclude there is conspiracy is therefore the result of inference. But what sort of reasoning can get us there? A liberal application of neo-platonist (il)logic. For example:

      Bankers want to rule the roost.
      Alien Greys want to rule the roost.
      Bankers are Alien Greys.

      Now you know how it’s done, try it for yourself. Replace ‘bankers’ with ‘eurocrats’, replace ‘alien greys’ with ‘socialists’. You can have hours of fun with this walking to the pub, sitting on the bog, shrugging, whatever. But don’t forget to keep your eyes shut when you do it. Otherwise reality will spoil the fun.

      Like

  56. 197
    My favourite joke of the week says:

    A muslim terrorist has gone on the rampage in Luton, massacring every english person in sight. The death toll has reached 3.

    Like

  57. 205
    Dack Blog says:

    Young voters’ QT on BBC3 now.

    Like

    • 206
      Dack Blog says:

      The panel consists of: Aaron Porter, NUS President; Universities Minister, David Willets MP; Tessa Jowell MP; Simon Hughes MP; Douglas Murray, Director of the Centre for Social Cohesion; and Irish comedian Ed Byrne.

      Like

  58. 208
    Maybe the Irish won't roll over and play dead? says:

    Like

  59. 219
    Dazza says:

    Great piece Guido. Keep up the good work.

    Like

  60. 223
    The Court of Public Opinion says:

    Oirland doesn’t look as green in 2011.

    Like

  61. 225
    Taking the piss says:

    So why is it this woman’s right to have a free British education?

    http://i.dailymail.co.uk/i/pix/2010/11/24/article-1332484-0C38CC01000005DC-55_634x532.jpg

    Like

  62. 228
    Moaty says:

    Aa’v got that fuckin’ Biffo in me sights man.

    Like

  63. 236
    Been there, bought the Taoiseach says:

    Feckin erse.

    Like

  64. 238
    Anonymous says:

    The third message from heaven…

    If any man worship the beast and his image, and receive his mark in his forehead, or in his hand, The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb: And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name.

    God Loves You – Read Your Bible
    http://jmachapel.org/

    Like

  65. 252
    An Irishman says:

    What I don’t understand is why the lampposts of O’Connell Street are not festooned with the rotting corpses of certain politicians. Where are the IRA when you need them?

    Like

  66. 255
    We all need a good laugh says:

    Like

  67. 262
    The BBC says:

    Lets make it sound like Bloom was doing a tribute to Hitler.

    Like

  68. 267
    Anonymous says:

    Do I hear them still calling for an independent Scotland with the Euro inside the EU? or even Wales for that matter?

    What is happening to Ireland is the real truth about the EU and all what it stands for. That is the interests of the heavy industrialised nations in the north and nothing else. It is about a political union only by the political elite and in no way democratic. The sooner we are out the better, but that is unlikely given Cameron has already reneged on his promises and every UK Prime Minister seems to want to suck up to the Germans despite what they say in opposition.

    I go to Portugal very often and they were quite stable and prices were fine when they had the Escudos. Their prices rocketed under the Euro exactly the same as in Ireland. They went downhill under the introduction of the Euro. Same as Ireland.

    Like

  69. 271
    Sarah Palin says:

    Hahahahaha…..the universe is flat! Eat that shit mutha fuckas!

    http://www.bbc.co.uk/news/science-environment-11810553

    Like

  70. 279
    DIRTY SCRUFFY STUDENT BASTARD says:

    All damage caused by filthy scum sucking students
    and policing costs
    should be taken out of the education budget

    Like

  71. 283
    Dave's pledge says:

    British jobs for Irish workers!

    Are you any good at trimming wisteria?

    Like

  72. 284
    johnny says says:

    “The ECB kept rates too low for Ireland’s over-boiling property market, which predictably bubbled over.”

    There were other levers of control for Ireland to depress their housing boom and they chose not to use them. When their political elite are exposed to property interests (as many of ours are) that is perhaps not surprising.

    They didn’t have to allow so many houses to be built. They could have had a better grip on regulating their banks. Being in the Euro didn’t *cause* their problems they did that themselves, but, being in the Euro is certainly making their way out of trouble a much steeper hill and a naked beneficial crisis for the federalists.

    Like

    • 313

      But..but..but.. this country, and politicians on all sides, deplore the lack of housing built in the last decade.. Our boom is often blamed on the dismal number of new homes constructed. New Labour sent out and enforced a house building quota on many rural areas at the tail end of the boom, to try and control it.. BUILDING more homes has the effect of reducing the supply/demand spiral.

      More stringent checks on ability to pay may have helped, but the USA, UK, Ireland and Spain had moved on to valuing the wealth of property instead of the individual. Only a large rise in stamp duty MIGHT have reduced the fever. And it might just have raised prices and so borrowing instead.

      Like

      • 482
        johnny says says:

        “New Labour sent out and enforced a house building quota on many rural areas at the tail end of the boom, to try and control it.. BUILDING more homes has the effect of reducing the supply/demand spiral.”

        John Prescott spent a decade as Deputy PM saying we needed 3 million more homes in the south east. That target never came down despite the massive building spree and a million homes being sat empty.

        Using international money markets debt could be created far faster than houses could ever be built. That’s how many of the big bad banks were able to branch out into NINJA loans in other countries and it was banks unable to access international lending that brought it creaking to halt. The amount of debt got so big the sentiment of the markets shifted. The banks themselves could have been put under more stringent regime. Not complicated. Just one that better took into account the risks banks were building up.(Which I think is the nub of the problem – banks and regulators alike didn’t think these debts were a risk.)

        I wonder how many MPs had mortgages with Northern Rock. How did Gordon Brown come to be chummy with HBOS and Lloyds senior staff?

        Like

  73. 286
    Venerable Bede says:

    Given the appalling way the English have treated Ireland and its people for the last thousand years, if we wish to treat Ireland like a friend and neighbour, why do we not lend them the money at the same rate we borrow it.
    That would demonstrate true friendship – or is it the case that it is not really friendship but self-interest and profit that once again drives us forward?

    Like

  74. 287
    Anonymous says:

    Well Fatty,

    Joining the Euro not only meant low interest rates but also huge amounts of money from the EU.

    The Irish got greedy.

    Like

  75. 288
    Billy Bowden is the greatest umpire ever ! says:

    Come on England !!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Like

  76. 289
    Billy Bowden is the greatest umpire ever ! says:

    Like

  77. 298
    Billy Bowden is the greatest umpire ever ! says:

    This is down to Mossad !

    Like

    • 306
      Mossad Operative says:

      You are hampering our operations Mr Bowden, and you are now on our files as a hostile. Have a good evening Mr Bowden, we never know when it’s going to be our last, do we? Mwahahahahahahaha…..

      Like

  78. 299
    Anonymous says:

    Fiona Millar v.Katherine Birbalsingh on Newsnight.

    Like

  79. 301
    Dr David says:

    Fiona Millar on Newsnight showing the same aggressive tendencies as her bullying husband.

    Like

  80. 303
    The EU was always doomed to fail says:

    Never let the fucking Germans run anything.

    Once again Europe will have to learn this lesson the hard way.

    Like

  81. 309
    Data Mining and Hacking will be reported says:

    So guido thinks we should pay £7bn for the paddy bankers while letting them run a corporation tax far less than us and take all our business.

    Like

  82. 318
    Billy Bowden is the greatest umpire ever ! says:

    Marx , Also check out Eugenics

    Like

  83. 320
    Billy Bowden is the greatest umpire ever ! says:

    This is a fuckin fact !

    ” The problem with socialisim is that you always run out off other peoples money “

    Like

  84. 322
    Beast 666 says:

    Green + Socialism x Europe = Hell

    Like

  85. 323
    Billy Bowden is the greatest umpire ever ! says:

    Bumble says pitch is a belter

    Like

  86. 330
    Billy Bowden is the greatest umpire ever ! says:

    England win toss and bat

    Like

  87. 332
    jeremyp99 says:

    http://www.guardian.co.uk/world/2010/nov/24/belgium-financial-markets-hit-list

    Debt contagion threatens Belgium.

    Those bank stress tests earlier in the year? Hmmm. Not all they were cracked up to be?

    Like

  88. 336
    Wan Gok says:

    OMG Katherine Barbalsingh make talk sense but she looks like the psycho Sideshow Bob from the Simpsons.

    Like

  89. 338
    Popcorn says:

    Any film fans here? Name some of your favourites. Porn doesn’t count, unless you’re Richard Timney and all you watch is Debbie Does Northants.

    Like

  90. 342
    Billy Bowden is the greatest umpire ever ! says:

    First mind games by the Aussies , mins silence

    Like

  91. 343
    Polly Tuscany says:

    This site wants a final solution for the EU.

    Like

    • 361
      Crash JP Morgan buy silver says:

      Listen to Eric Cantona.

      Step 1
      Take money out of European owned central banks on or before Dec7th

      Step 2
      Buy silver.

      Enjoy all the Eurocrats crapping their pants as their project unravels and chaos ensues. All relevant beasts will be starved.

      I thank you.

      Like

  92. 344
    Billy Bowden is the greatest umpire ever ! says:

    England team ALL sung God save the Queen

    Like

  93. 350
    Billy Bowden is the greatest umpire ever ! says:

    Come on England !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Like

    • 360
      Gordon Brown says:

      I send my very best wishes to the England cricket team as they defend the Ashes. I look forward to welcoming them to Number 10 next year.

      Like

  94. 352
    Billy Bowden is the greatest umpire ever ! says:

    Aleem Dar and Billy Doctrove umpires

    Like

  95. 353
    Billy Bowden is the greatest umpire ever ! says:

    Strauss ngone

    Like

  96. 358
    Billy Bowden is the greatest umpire ever ! says:

    First runs 4-1

    Like

  97. 359
    Billy Bowden is the greatest umpire ever ! says:

    Review , Going down leg .

    Like

  98. 363
    Margaret Beckett says:

    If England win the Ashes, I’ll do a striptease.

    Like

    • 367
      Billy Bowden is the greatest umpire ever ! says:

      Oh Shit !!!!!

      Hang on mind fuck for a England win in Aussie land ??? Ok , Just this once

      Like

  99. 364
    Anonymous says:

    the eu = fourth reich.

    Like

  100. 365
  101. 372
    Gordon Brown says:

    I personally met the England team and wished them luck in Australia.

    Like

    • 375
      The bowler's Holding the batsman's Willey says:

      Nice one, Brown. 49-2. Trott’s trotted.

      Like

    • 394
      Wed Ed says:

      I am thure that under new Liebore leaderthip the England cwicket team can achieve gweat suctheth. I’m thure Andwew Thwauth will thcore a thentwy (a hundwed runth) in his firtht inningth.

      Like

  102. 382
    Gordon Brown says:

    I’ve changed my name by deed poll to Mr Jobby

    Like

    • 390
      English Taxpayer says:

      Still ‘getting on with the jobby’ ?

      Or are you still just drawing your pay cheque whilst writing another fairy story ??

      Like

    • 405
      Trey Stone says:

      You did not have to do that as under common law you are whatever name you are called Mr Reckless Idiot

      Like

  103. 387
    treetop says:

    Fascinating to see how left and right wing commentators line up to justify their own predetermined prejudices on the bail out of Ireland. Their arguments are usually formed long before they have read any article ! When will we get chancellors who make policy according to their own economy instead of allowing their political dreams to influence their policy ? Europe has been seen as an economic soft touch by far too many weaker countries and welcomed by far too many political dreamers. The chickens are coming home to roost for a political class that has played at being leaders of Europe.

    Like

  104. 389
    The Court of Public Opinion says:

    [OT] Sarah Palin doesn’t know the difference between North and South Korea.

    Like

  105. 391
    marcus aurelius says:

    when do we get an apology from Evan David and all the other Beeboids relentlessly pushing us to join the Euro?

    Like

  106. 392
    Minekiller says:

    Well all the proud Micks can go and watch their Michael Collins bios and Ken Loach movies and reflect how fucking fab Ireland is…meantime the Shinners up north are still predicting a United Ireland in 2016…except it is likely to be not the one the naive crazy twats expect.

    Like

  107. 403
    FFion says:

    the calibre of Politicians over there are lamentable – only there because of greed or nepotism.

    No one has the balls to do anything “brave”

    PS Sad to see the end of the republic after less than 100 years :(

    Like

  108. 406
    FFion says:

    As an aside – amazing at the quango NOT disbanded – there to sponsor “links” between wales and Ireland, also amazing how many Irish politicians we’ve had foisted upon us in the Senedd
    – we got the EU new countries map a year ago where ireland and wales was one country!
    Beth maer diawled yn neud?

    Like

  109. 408
    tube_thumper says:

    zzzzzzzzzzzzzzzzzzzzzz
    zzzzzzzzzzzzzzzzzzzzzzz
    zzzzzzzzzzzzzzzzz

    Like

  110. 410
    Taxfodder says:

    As always the UK establishment is pulling strings in Ireland.

    We already know the UK establishment detest Republics with a passion

    Go Ireland! tell the EU to bugger off!

    All you have to lose is a big fat NOTHING!

    A bit of financial instability to concentrate the mind in the EU would be most welcome, perhaps they may then be forced to put their own house in order!

    Like

  111. 412
    Anonymous says:

    The Germans have not changed, frog marched out fo the chamber for his views.

    Like

  112. 415
    David Cameron says:

    What’s the difference between the England cricket team and the families of the New Zealand miners?

    The families of the New Zealand miners will get to keep the ashes.

    Like

  113. 417
    Attention Irish Bankers and Euro Speculators. Fancy £7Billion from a bunch of tory twats ? says:

    Like

  114. 419
    Det. Sup. Guido Fawkes says:

    Officer u2128 filmed kicking an unarmed 15 year girl in London. This is state mandated child abuse. Spread the word.

    Like

  115. 420
    I hate New Labour says:

    You may well cry at what europe has done to Ireland, but remember this: you had a referendum. You could have continued to say no.

    But your idiotic countrymen were frightened into believing it would be a disaster if you stayed out. But guess what’s happened anyway?

    I have zero sympathy for the Irish. They had it in their power to avoid this.

    Like

    • 423
      DIRTY SCRUFFY STUDENT BASTARD says:

      Give them another referendum
      and the thick bastards will still vote yes !

      six million idiots condem half a billion people to a life of bust and financial fraud

      why did europe pick Ireland ? ask any comedian !

      Like

      • 426
        jgm2 says:

        I don’t think you can blame the Irish for condemning half a billion people to a life of bust and fraud.

        If Ireland had voted ‘no’ again then Europe would have just engineered some work-around.

        Nope. The Irish are 100% responsible for their predicament just as the UK is 100% responsible for its own predicament.

        Like

        • 429
          sockpuppet #4 says:

          I believe the irish watch British TV shows. Its all Kirstie and Phil’s fault.

          Like

        • 432
          ARE YOU AN IRISH POLITICIAN? says:

          Two countries had already rejected it
          britain and france were about too
          thats why they lied and did not give us the referendum that All the parties fought the election on
          most other eu countries were about to reject it inc Germany (Who also want their own currency back) so they went their where it is so easy to bribe politicians with the offers of large ammounts of cash and aid
          (Blair did it all the time to get the irish votes)
          as did the two main parties here after the election in the desperation to form a coalition

          Like

  116. 425
    jgm2 says:

    You are dead wrong on the Euro being at fault Guido. Not 100% wrong perhaps. More 80% wrong. Being in the Euro absolved the Irish government for turning a blind eye to low interests rates – after all it was nothing to do with them these low interests rates. But it didn’t absolve them of mitigating the entirely predictable effects of low interest rates. Irish rates, even when they had the punt, have traditionally shadowed UK rates. Thanks to the Maximum Imbecile they’d have had their low rates via the UK if not the EU.

    Just as our own Maximum Imbecile engineered low interest rates while claiming that they were being set by an ‘independent’ BoE. And then set about rigging the inflation proxy and stuffing the ‘independent’ committee with his placemen.

    Both governments knew exactly what the effect of artificially low interest rates would be. Massive borrowing. Ponzi boom. Reflected glory and get the fuck out before the house of cards came down.

    Perhaps they were relying on the banks pulling the plug before it all got out of hand. But then, that’s what did happen. It was the banks that eventually did pull the plug. Just not the UK or Irish banks but the foreign banks that were lending them all the money to lend to muppet UK and Irish home-buyers.

    This was never going to end well.

    And it’s not over yet.

    You’re dead wrong about the Euro being the cause though. It was reckless domestic economic policy and hubris that were the cause.

    Like

    • 428
      sockpuppet #4 says:

      Glad to see you aren’t pussyfooting around. A question that I pondered, perhaps in the Major era was: how do you stop a housing boom without just increasing interest rates?

      Theres a number of troubling questions that are best left blamed on lefties and the EU.

      Most notably is Guido actually saying that people cannot be trusted to spend their own money? (OK, its that they can’t be trusted to spend other people’s money properly)

      Like

      • 433
        jgm2 says:

        How to stop a housing boom? Same way the government stops anything. Tax it.

        Increase Stamp duty to 20% overnight. That would stop an unsustainable speculative boom in its tracks.

        But that would be a ‘tough’ decision. It would need a government that was concerned with ‘doing the right thing’ rather than one whose popularity rested entirely on the amount of cash it was p155ing around off the back of this unsustainable boom.

        And they were in short supply back in 1997 – 2010.

        Like

        • 435
          sockpuppet #4 says:

          That is rather the kind of thing I was thinking about. to myself of course, coz it sounds a bit too … welll…. socialist.

          I would actually have gone for capital gains tax on homes.
          Less keen on direct control over who banks can lend to.
          Perhaps keen on demanding that banks hold bigger reserves when they have more mortgage business.

          However, all of the above seems rather controlling of the state. And I do remember clearly when new labour came in wondering whether they’d do such things. they didn’t of course.

          Like

          • jgm2 says:

            Socialist or not – I was just giving you a quick way of stopping a housing boom in its tracks without fucking with interest rates in the wider economy.

            The other way, of course, would be for the politicians to actually get on TV and say ‘What the fuck are you people doing? We had a housing boom and bust back in the late 1980s/early 1990s. Why the fuck are you banks lending these people so much money? Why are you people borrowing so much money? What if interest rates go up? What happens when you can’t borrow any more?’

            Instead of which we had quite the opposite. Politicians lauding the banks and lauding folk for borrowing so much cash. Hurray, look at my housepr*ce-driven economy.

            Politicians who are never shy of scolding us for eating too much or d*i*k*ing too much. For our own good. And of course many (me amongst them) would have told ‘em to fuck off. I’ll be the judge of how much I eat, d*r*nk or borrow. But at least we couldn’t say we weren’t warned.

            Quite the opposite this was the economic equivalent of the government handing out free pies and buckfast in council estates.

            In fact they may have only had to moot the idea of a 20% Stamp Duty and it would have stopped speculation in its tracks.

            Like

    • 438
      nothing to do with us paddy bankers of course says:

      Like

    • 448
      Sir William Waad says:

      The Irish Government, like ours, could have lent against the wind by having a prudent fiscal policy. During the boom years, they should have been running budget surpluses that could have been released when the recession came. In practice, they were no more prudent than the traditional lottery winner. However, they would then have had an economy with artificially low interest rates but artificially high taxation or low spending. This is a bit like taking heroin and methamphetamine at the same time – expensive and bad for the health.

      Joining the euro means having half of your economic policy decided for you in Brussels and Berlin while you decide the other half. It doesn’t work. Either one moves to 100% control from Brussels or moves back to 100% national control.

      Like

      • 463
        jgm2 says:

        However, they would then have had an economy with artificially low interest rates but artificially high taxation or low spending. This is a bit like taking heroin and methamphetamine at the same time – expensive and bad for the health.

        Don’t see why that follows.

        Here’s what prudent people do. They don’t spend all their money. They save some for a rainy day.

        That’s what we should have been doing as a nation too. And if Brown had presented this (obviously mythical) scenario then I think the UK would still be re-electing Labour. If, during the boom years, he’d got up and said…’I could spend another 40bn quid this year but I’m using it to reduce the debt-burden on our children instead, because it is the prudent thing to do’ then middle England would have kept voting Labour.

        Imagine how that self-evident ‘prudent’ policy would look now with Ireland down the shitter and the yanks banks falling over and the yanks reduced to printing cash.

        The ‘swing’ voters are not the ones with the mentality of children – they were attracted by Labour’s ‘prudent’, ‘no more boom and bust’, ‘no longer will the amount of money spent on public services be used as the measure of success’ stuff.

        Surely most people (aside from plankton) would rather not have had a housing boom from 1997 – 2007 but instead had much cheaper houses and lots more disposable income instead. Instead of being a slave to a huge mortgage?

        Who are these imbeciles? Why were house pr*c*s allowed to cut loose like that? Who gained? A few bankers and a few Labour MPs on a crazed power-trip. And the rest of the UK in debt to its eyeballs.

        WTF.

        Like

      • 466
        sockpuppet #4 says:

        Talking of Heroin.

        If the government decided it should be legal. Then too many people take it and they bugger up their lives, and the country around them. Is that the state’s fault or their fault?

        Like

        • 472
          jgm2 says:

          In Labour land it wouldn’t be the government. And it wouldn’t be the people who fuck up their own lives and everybody elses by their stupid choices. After all you need their votes. Smack-heads or not.

          It would be the people who sold them the drugs. Boots or Superdrug – the suppliers.

          Just as when their imbecile economic policy destroyed the UK economy they didn’t blame themselves. And they didn’t blame the idiots who borrowed all this cash – the voters. Fuck no.

          Labour blamed the banks – for supplying the idiots with enough cash to fuck everything up.

          Like

  117. 427
    ARE YOU AN IRISH POLITICIAN? says:

    Oh dear oh dear who was a clever girl then ?
    thick bastards should have listened to a real politician !

    http://blogs.telegraph.co.uk/news/peteroborne/100064330/margaret-thatcher-knew-the-single-currency-would-devastate-europe/

    Like

  118. 441
    The Dub says:

    Can we have this in writing:
    Herman Van Rompuy”We all have to work together in order to survive with the euro zone, because if we don’t survive with the euro zone we will not survive with the European Union.”

    Like

  119. 444
    Sir William Waad says:

    “Former leader of House Tom DeLay found guilty of money laundering. DeLay may face a prison sentence after being found guilty of illegally transferring corporate money to party campaign funds.” (Grauniad)

    It couldn’t happen here. Could it?

    Like

    • 447
      jgm2 says:

      What? You mean laundering tax-payer’s ‘Union modernisation funds’ given by a Labour government to the unions straight back into Labour party funds?

      Now wouldn’t that be awful if that happened.

      Like

      • 460
        feckers says:

        Looks like Call me Dave is indulging in a bit of laundering himself.

        This time it’s our clean money and the EU is laundering it in to soiled cash to prop up a failing country.

        Of course this is totally legal and to liken it to the actions of criminals with bags of swag in a launderette is entirely coincidental, but understandable.

        Like

  120. 445
    Greg Beales says:

    CRIMINAL CHARGES TO BE BROUGHT AGAINST THE PRIME MINISTER

    David Cameron was accused by campaigners today of breaking the law by cracking an “appalling” joke comparing Commons Speaker John Bercow to one of the Seven Dwarfs.

    A charity which helps people with primordial dwarfism and other forms of restricted growth said the comments were a form of harassment – and called for talks with the Prime Minister

    Like

  121. 449
    Demi Lavato says:

    Non

    Like

  122. 450
    AbleTheSpaceMonkey says:

    Guido could cry for what the europhiles have done to his country…

    To a Europhile Ireland isnt a country, its a ‘region’.

    Only nationalists believe in sovereign Nations, and Nationalists are, we are taught, at best closet N@zis.

    Like

  123. 451
    Ho Hum says:

    arrrrr poor Guido.

    But what Guido isnt tellling you all… is that his busineses are all registered in Eire, so he talking about his own tax.. Coz Guido is an Irish citizen who doesnt pay UK tax…he pays tax ( or rather does all he can to avoid it ) to Eire…NOT the UK yet he lives here

    NO GUIDO YOU FECK OFF

    Like

  124. 452
    Anonymous says:

    England is in more trouble than most realize. How is it that this woman, Harriet Harman, became the leader of the House of Commons and the #1 candidate for England’s next Prime Minister?

    “The Leader of the House of Commons and Minister for Women and Equality, who also sits on a Cabinet committee on young people’s welfare, is being touted as a possible successor to Gordon Brown, .

    But she faces fresh criticism from Opposition MPs and campaign groups after The Daily Telegraph obtained documents showing that she called on ministers to make sexually explicit photographs or films of children legal unless there was evidence that the subject had been harmed.

    At the time she made the official submission, she was a senior figure in a civil liberties organisation that wanted the age of consent to be lowered to 14 and incest decriminalised. It also defended self-confessed paedophiles in the press and allowed them to attend its meetings.” (Source)

    Miss Harman is a Feminist who has fought tirelessly for a woman’s right to not be sexually exploited in the workplace. She understands that people with greater power than their charges should not use them for sexual exploitation. There is no such thing as “consensual sex” between an adult and a child, because the adult has all the power in the relationship. Feminists know this and it forms the basis for their philosophical foundation.

    When an adult sexually exploits a child it is an act of violence, not an act of affection. At its roots there is an unbridled attack on innocence and purity. It is an act of defiance against God. An expression of hatred and malice. A caustic poison that results in self-loathing, mistrust, anger and a sense of personal violation of that which is most sacred is the consequence. Suicide is often the long-term result.

    Children have a right to their innocence. Parents have a right to protect their child’s innocence. No society or individual has the right to take that innocence away.

    “Miss Harman, 58, was a newly qualified solicitor when she became legal officer for the National Council for Civil Liberties, now known as Liberty, in 1978. At the time its general secretary was Patricia Hewitt, who went on to become health secretary under Tony Blair.

    “Among the groups affiliated to NCCL were the Paedophile Information Exchange and Paedophile Action for Liberation, whose members argued openly for the abolition of the age of consent. NCCL complained to the press watchdog about their treatment by tabloid newspapers and said in one article: “We support any organisation that seeks to campaign for anything it wants within the law. They have that right.” (Ibid)

    Simply stated, Miss Harmon was working with those that would abuse children fresh from their mother’s womb, if they could get away with it.

    “In NCCL’s official response to the Government’s plans to reform sex laws, dubbed a “Lolita’s Charter”, it suggested reducing the age of consent and argued that “childhood sexual experiences, willingly engaged in, with an adult result in no identifiable damage”. It claimed that children can suffer more from having to retell their experiences in court or the press.” (ibid)

    What Miss Harmon failed to point out is that their is no such thing as consensual sex between an adult and a child. Only a gross sexual imposition.

    “She suggested that a pornographic photo or film of a child should not be considered indecent unless it could be shown that the subject had suffered, and that prosecutors would have to prove harm rather than defendants having to justify themselves…

    “We suggest that the term ‘indecent’ be qualified as follows: – A photograph or film shall not for this purpose be considered indecent (a) by reason only that the model is in a state of undress (whether complete or partial); (b) unless it is proved or is to be inferred from the photograph or film that the making of the photograph or film might reasonably be expected to have caused the model physical harm or pronounced psychological or emotional disorder.”

    It adds: “Our amendment places the onus of proof on the prosecution to show that the child was actually harmed.”

    This woman is an international blight that needs to be removed by her peers. To permit her to continue leading that body responsible for making laws in the United Kingdom is unacceptable to the vast majority of those that live under its laws. A failure to do so is an endorsement of her policies and past actions. It is a failure to defend those that have no power and leave them to the mercies of evil men and women that seek to destroy their sense of self-worth.

    Failure to prosecute and punish Pedophiles will ultimately result in the families of the victims taking justice into their own hands. Vigilantes will replace corrupt courtrooms, and angry mobs will replace unjust juries. Chaos and anarchy will replace community and co-operation. Street mobs administering justice should send a cold chill down the back of any freeman or woman. Yet, how can they be avoided when the lawmakers and administrators are Satanic Psychopaths in wolves clothing? Punishing the innocent, while the guilty go free?

    Its better to have a peaceful revolution and remove people like Harmon now through legal methods, then to wait for an angry mob, living under her Satanic edicts, to do it by force and violence.

    Like

  125. 453
    Is there nothing you won't believe? says:

    Can’t we just send in the police to beat the Irish into submission, like Guido suggests we do with students? Guido must love a bit of truncheon action.

    Like

  126. 456
    Gordon Brown says:

    I’ve kidnapped Guido to prevent him making any more horrible threads about me. I’ve been spending the last 5 hours telling him tractor stats.

    Like

    • 461
      Is there nothing you won't believe? says:

      Are you sure you haven’t kidnapped Eric Pickles? It’s an easy mistake to make.

      Like

  127. 462
    MAD FRANKIE HADDOCK son of COD says:

    How queer half an hour ago there was a new post about will straw now it’s gone !
    has it been removed ?

    Like

  128. 465
    Will Straw says:

    What happened to the piece about Will Straw?

    Like

  129. 468
  130. 471
    Who Gives A Fuck says:

    ordinary working Londoners told to not use underground during the Olympics – local people had better just get out of the way of VIPs…..

    http://www.thisislondon.co.uk/standard/article-23900660-commuters-told-to-avoid-tube-during-olympics.do

    Like

  131. 473
    A stupid sanctimonious dwarf says:

    Hello, good morning and welcome

    Like

    • 483
      BBC Media (Queens of ) Tarts Dept. says:

      Is that you again Sir David Paradine “media whore and asker of easy questions” Frost?

      You should have stuck to comedy, oh yes, you did!

      Like

  132. 476
    Major Eyeswater says:

    Wavey Davey scrapped the Navy
    And bought a boat of Brussels gravy
    …Then the Argies got in their bargies
    And landed back in Stanley town.

    “Oi Sarko” said Davey, “can we use your navy?
    We need to slap the gauchos down…”
    “Non non mon ami, ‘ees too risky –
    You cannot fight because you ‘ave no jets
    And zay ‘ave bought more exocets!

    Like

  133. 484
    Postlethwaite says:

    Coupling the Celtic Tiger to the euro was a disaster, it was inevitable blah blah

    No mention of getting eight punts from the common market for every one punt they put in for years and years and years. Then the third world beggars were brought into the common market reducing ireland’s take to only four times what it paid in. That keltic tiger eh??

    Like

    • 485
      jgm2 says:

      Yep. Blaming the Euro is a bit of a canard alright.

      Ireland was fucked by it’s own incompetent politicians and it’s own idiot voters who borrowed all this fucking money. Same as the UK.

      Like

    • 487
      Jon says:

      I was going to say something similar.

      The UK wasn’t in the Euro and we still had banks behaving recklessly (although it wasn’t bank lending that sunk UK banks, but their lack of backup to their wholesale funding addiction). Perhaps we should decouple Scotland from the rest of the UK and devalue the Scottish pound to justify the rescue of RBS and Bank of Scotland?!

      After Ireland’s joining the Euro, the subsequent asset price inflation was not inevitable since the lever of fiscal policy was still open to Ireland, but it wasn’t used because they didn’t want to risk killing the golden corporation tax goose and because they enjoyed the sight of UK PLC’s moving to the Republic – impoverishing UK taxpayers whilst forcing Brits to subsidise the privilege through EU structural transfers.

      How would the Irish feel if the UK cut it’s corporation tax rate to 5%, and used the £7bn we were going to lend Ireland to assist UK businesses in exporting to country’s with an economic future? It’s what they would do to us, after all!

      Ireland has been a beneficiary of EU largesse (by which to say German, Dutch and UK taxpayers’ money) for many years. The reason for their crash is the same as it was everywhere else – greed, corruption and a bubble induced belief in a “new paradigm” which burst as bubbles do. To blame the Euro as the whole cause is as one eyed as it was to believe that it was Ireland’s only salvation in the first place.

      Like

      • 491
        Major Eyeswater says:

        No sir. Ireland ran very sensible national budgets till 2005 I believe, reducing national debt to c.30% of GDP. Alas, negative real interest rates under the Euro pumped up a credit bubble of epic proportions. My own dear cousin Jimmy bought a house off plan on his credit card as house prices rose about 400% from 1997.

        Exactly what deranged mix of fiscal policy (eg. 15% stamp duty, 50% CGT, 95% top tax rate…) do you think would have soaked up this excess liquidity? When you’re effectively being paid to borrow and all and sundry are running about like loons on a supermarket trolley dash what is the point in tinkering with fiscal policy? Point the extinguisher at the base of the fire, don’t waft the smoke about: RAISE RATES.

        Ooops, sorry, forgot – they couldn’t, they were in the Euro zone. Please can you point me to a single prior banking crisis that didn’t have hot cheap money at its roots?

        Carry on.

        Like

  134. 492
    Paul Hughes says:

    I have voted Tory for several elections (since having been eligible) but have now cast my lot in with UKIP. I joined them as a full member earlier this evening. It has been a difficult decision and it is a strangely emotional one. It’s a little like deciding to leave a spouse, I imagine. I know the tories have to compromise with their coalition partners but I now feel as if we have no time to wait for Cameron to act according to his supposedly heart-felt euro-sceptic colours. The news that an eurocrat decreed an early Irish general election to be “irresponsible” was so appalling, so absolutely Soviet, that it instantly caused me to conclude that I could no longer vote for a party which sought a compromise with a body incapable of wanting one. The EU is a power-grabbing monolith and anyone who respects democracy can do nothing but resist its grasp. So, with a little sadness, I shall be voting UKIP until we are out.

    Like

  135. 496
  136. 497
    Anonymous says:

    Repent: for the kingdom of heaven is at hand.

    God Loves You – Read Your Bible

    http://www.youtube.com/user/patmospete

    Like

  137. 498

    [...] Feck Off Euro-Socialists – Guy Fawkes’ blog [...]

    Like


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Without Predujice

Darling

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Yours

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In the interests of me I am placing a copy of this email in the public domain.


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