Call Me Chuka O’Munna

As revealed in yesterday’s Sun column, two-faced Chuka Umunna isn’t so shy about the ‘British Obama’ tag when he’s away from the public eye. When the President visited Ireland in the summer of 2011 he delighted his hosts by telling them of his Moneygall ancestral roots and dubbing himself Barry O’Bama. This year it was Chuka’s turn, speaking to guests at the Labour Irish Society’s St Patrick’s Day shindig of a relative from Sligo. Telling them they could call him Chuka O’Munna may have given the game away…

Happy St Patrick's Day Prime Minister

You knew he was Irish…

Shinners Show Up

Tory MPs are spluttering into their afternoon tea over this:

Dear Colleague,

Reminder:

Sinn Fein Briefing meeting for Members
Michelle Gildernew MP, 12.30pm, Room T, Portcullis House, Wednesday 16 January

I am writing to remind you of the invitation to attend invite tomorrow’s briefing with Sinn Fein MP Michelle Gildernew next Wednesday, 16 January. The meeting will be an opportunity to discuss the current political situation and in particular concern over the ongoing violence and protest in the north.

Many thanks to those who have already responded. If you are unable to attend but would like to send a member of staff to represent you, they would be most welcome.

If have any queries, please contact me on 07XXX XXXXXXX.

We very much hope to see you.

Best wishes,

Jayne fisher
Sinn Fein MPs

Despite refusing to be MPs they’re happy to use Parliament’s facilities to grandstand then…

Ireland Votes 60% / 40% to Ratify Fiscal Treaty

Fear triumphed over anger and the Irish government won a mandate to ratify the EU Fiscal Treaty on a turnout of 50.6%.

Guido bought advertising across Ireland parodying the Yes side’s CEO-fronted campaign (above) and is a little worried that people took it literally and followed the “advice” of Goldman Sach’s Lloyd Blankfein to vote in favour of paying billions to Irish taxpayer bailed out bond holders. As is traditional in Ireland we may yet get another repeat referendum if France’s President Hollande renegotiates the terms all over again…

Fine Gael Gets CEOs to Endorse Treaty ‘Yes’ Vote

Ireland’s governing Fine Gael party is campaigning for a ‘Yes’ vote in a referendum on the EU’s Fiscal Compact Treaty. Trust in politicians in Ireland is so low that they are getting business CEOs to front the campaign with endorsements claiming it will be good for business – despite the European Central Bank’s policies wrecking the economy.

Today Irish taxpayers are paying €2.25 billion in bond payments on unsecured bonds for failed private banks – some €500 for every man, woman and child in Ireland – a bad deal which Fine Gael voted for in 2008. Fine Gael are calling this treaty a “stability treaty”, it is in reality a treaty to surrender fiscal sovereignty.

Ahead of the vote in three days time Guido is trying to buy advertising in the Irish Times parodying the campaign with some CEOs who really are grateful to Fine Gael:

Incidentally the advertising campaign is “under review”.

Irish Taxpayer Sacrificed to Prop Up Eurozone Banks German ECB Board Member Speaks Truth ECB Press Office Erases Remarks from Transcript

On Thursday Dublin hosted a speech by Jörg Asmussen, a member of the Executive Board of the ECB, which in monetary and fiscal terms is now effectively the ruling neo-colonial power in Ireland, with German financial ‘advisers’ having been present in the Irish treasury for four years. Herr Asmussen was until January the advisers’ boss as State Secretary at the German Finance Ministry, responsible for Fiscal and Macroeconomic Affairs, Financial Markets and European Policy. When he speaks the Irish political and financial elite listen.

What they heard him tell them in a speech to the IIEA think-tank was a technocratic “steady as she goes”. Praising first the painful in the short-term reductions in state spending (10% cut in 2011) and the consequent expansionary fiscal contraction which has seen economic growth return and the trade deficit closed. Asmussen then spent a lot of time justifying why Irish taxpayers will have to bailout Anglo-Irish Bank bondholders for decades. The need for that long-term pain is not credible. 

Guido has long argued that the bailout of Anglo-Irish Bank was done to protect the investments of German banks (see Is the ECB Forcing Ireland to Protect German Investments? October 2010, Feck Off Euro-Socialists November 2010).

In a crucial section of his speech (audio at 27 mins 30 secs) Herr Asmussen says:

“The decisions concerning the repayment of bondholders in the former Anglo Irish Bank have been a source of controversy, decisions taken by the Irish authorities such as these are not lightly taken and the consequences of subsequent actions are weighted carefully, it is true that the ECB viewed it as the least damaging cost to fully honour the outstanding senior debt of Anglo however unpopular that may now seem, the assessment was made at a time of extraordinary stress in financial markets and great uncertainty, and protecting the hard won gains and credibility from the early successes in 2011 was also a key consideration and the main reasoning was to ensure that no negative spillover effects would be created to other Irish banks or to banks in other European Countries.”

Note that last line emphasised in bold. In October 2010, days after the then Irish finance minister refused in parliament to name Anglo-Irish bondholders, Guido revealed the bondholders list in a story that was followed up worldwide. German institutions figured prominently.

It is, as Herr Asmussen says, a matter of great controversy in Ireland that future generations of taxpayers have been sacrificed on the altar of the Euro to protect German banks. Could that be why the official transcript of the speech erases his candid admission?

“… Protecting the hard-won gains and credibility from the early successes in 2011 was also a key consideration, to ensure no negative effects spilled-over to other Irish banks.”

The shameful truth is that Irish politicians of all parties have gone along with the Bundesbank / ECB’s efforts to prop up their banks and the Euro project at the expense of their own people’s interests. Another small nation on Europe’s periphery – Iceland – let its banks default and has undergone an awesome recovery. Ireland got it from the horse’s mouth on Thursday, the ongoing bailout pain is for the greater good of other banks in Europe.

Hat-tip:  SpreadBetting.com via Declan Ganley

Post-€uro Preparations for Irish Punt

 

Looks like one important sector of Irish commercial life is preparing for a post-€uro future if this pub sign in Duncannon, Wexford, is anything to go by. Cheers..

Ken Patronises Irish as Navvies

Last month Ken Livingstone was an unwanted gate-crasher at an event in London with the President of Ireland, undiplomatically grabbing a photo-op with the Irish Head of State, to put on his leaflets without asking permission. The Office of the Irish President told The Irish Times: “There was no contact made about using the photograph in the literature” and Ken didn’t bother to have the courtesy to stay for the speech once he got his photo.

This week he was asked in an interview with the London Irish Post what he would do for the Irish, old Ken is about as patronising as it gets:

“Two two thirds of the jobs that have been lost in London have been in construction. This hits the Irish community hardest. What they and all Londoners need now is for London to start building again.”

As if all the Irish in London are still “navvies”…

Enda Game On

Ireland has just tossed a mighty spanner in the EU-works.  The Taoiseach has confirmed in the Dáil that the Attorney-General has advised a referendum is necessary on the EU’s fiscal union plan, “The Irish people will be asked for their authorisation in a referendum to ratify the European stability treaty”, Enda Kenny told the Irish parliament.[…] Read the rest

+ READ MORE +

Irish Budget Decided in Berlin

Today Dave is off to see Chancellor Merkel as we learn that advance copies of the proposed Irish budget were circulating for approval in the Bundestag in Berlin before being seen in the Oireachtas in Dublin. Elected Irish politicians will rubber-stamp the budget once German politicians have approved it.[…] Read the rest

+ READ MORE +

Welcome to Low Tax Ireland

Downing Street will not be best pleased that Twitter has chosen Dublin not London as its European base. Dave and Boris invested in a joint Twitter charm offensive, with No. 10 briefing the Telegraph: “All that matters is that they come to London.”  They didn’t and Ireland’s business Minister Richard Bruton says it “is a massive win and shows there is real ground for Ireland’s claim to be the internet capital of Europe”.[…] Read the rest

+ READ MORE +

Returning the Favour

The EU press office reports on yesterday’s European Parliament discussions on Libya:

“EU governments need to stand ready for a decision in the UN Security Council on further measures, including the possibility of a no-fly zone”, in compliance with a UN mandate and coordination with the Arab League and the African Union stressed MEPs in a widely-backed resolution (584 in favour, 18 against, 18 abstentions).

[…] Read the rest

+ READ MORE +

13 Counts in Kilkenny

The Irish have been counting the results of their general election on… Friday, Saturday, Sunday, and still today, Kilkenny has gone to a thirteenth count. Imagine if last year’s general election had taken days to count, n0t to mention negotiate a coalition at the same time.[…] Read the rest

+ READ MORE +

Centre-Right Triumphs in Irish Elections

The Irish election results (and Guido should caveat this by saying on the basis of RTE’s first preference exit poll) show that left-wing parties failed to make the breakthrough with Labour, Sinn Fein and the Greens combined getting 33% of the vote, less than Fine Gael 36%.[…] Read the rest

+ READ MORE +

Irish Election: Vote None of the Above?

Front runners Fine Gael are running on a Smaller, Better Government platform; reducing the number of overpaid politicians, a referendum on abolishing the second chamber and reform of healthcare provision based on the Dutch model where money follows the patient.[…] Read the rest

+ READ MORE +

Quote of the Day

Gerry Adams wrote to John Bercow…

“A chara,

I hereby resign as MP for the constituency of west Belfast.

Go raibh maith agat.”[…] Read the rest

+ READ MORE +



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