EU
Euro crisis: “Hollande is man of the moment, but Europe’s gaze is firmly fixed on Athens”
As the Irish Times’ Arthur Beesley notes All of this puts Hollande’s push to renegotiate the treaty in the shade. German chancellor Angela Merkel was quick to rebut her new French partner yesterday, but that can be read as the opening gambit. Her staunch ally Nicolas Sarkozy has been deposed. She has no choice but [...] more »
Greece: “Country in Limbo”
Gerry’s analysis notwithstanding, in Greece they’re trying to come to terms with those election results. As the BBC reports Greece’s centre-right leader, Antonis Samaras, has said he cannot form a coalition government, hours after he was given a mandate by the president. His New Democracy, which backed the last EU bailout, emerged as the biggest [...] more »
A drafting error in the Fiscal Compact?
Eagle-eyed, Cormac Lucey: Article 4 states that countries with government debt levels above 60% of GDP must reduce that “at an average rate of one twentieth per year”. But those who signed the Treaty appear to have intended that countries with government debt levels above 60% of GDP must reduce that at an average rate [...] more »
Europe’s Super Sunday Provides Few Clear Answers So Far
Yesterday saw a vertiable smorgasbord of elections from across Europe, with high profile elections in Greece and France potentially marking a watershed both for those countries and Europe as a whole. Elections in Serbia and Armenia were no less vital for the future of two of the poorest countries in Europe, while voters in the [...] more »
Hollande wins in France…
According to reported early estimates Socialist Francois Hollande has been elected as France’s new president, early estimates say. He got about 52% of votes in Sunday’s run-off, according to projections based on partial results, against 48% for centre-right incumbent Nicolas Sarkozy. The Guardian’s live-blog will have further updates. As for what it means for the fiscal [...] more »
de Juana Chaos loses extradition appeal [in absentia]
Despite their client jumping bail in March 2010, and disappearing into the ether, lawyers acting on behalf of the convicted ETA killer, Jose Ignacio de Juana Chaos, continued “with instructions” in the appeal against his extradition to Spain to face a charge of glorifying terrorism. Two years later, and Belfast High Court has dismissed that appeal. [Where are [...] more »
Euro crisis: April is the cruellest month…
Apart from all the others… And it doesn’t matter how big your umbrella is. BBC Europe editor, Gavin Hewitt, on springtime in Europe What is being exposed is a major flaw with Mrs Merkel’s fiscal pact. It is undemocratic. It ties the hands of future governments – and that, of course, was its intention but [...] more »
Yes, Ireland can apply to the IMF for money, but…
If you want proof that SF dropped the ball on the anti case last week by putting partial quotes from Karl Whelan and two other eminent economists, it’s the fact that they have lent their own authority to an economist who is way off base from their own anti Fiscal Compact position. On Morning Ireland [...] more »
The Biggest Issues – what happens when talk radio goes awry?
One day I’ll have time to listen to the Afternoon Play Afternoon Drama live on Radio 4 while sitting on a comfy chair with a hot cup of tea in my hand. Until the mortgage is paid off, I have to settle for dipping in and out every week or two. Last Tuesday’s play – [...] more »
Is the Governor of the Central Bank “representative” or “independent”?
The ‘controversy’ arising over the Governor of the Central Bank of Ireland Patrick Honohan’s endorsement of a Yes vote, is possibly the least important aspect of his speech to the IEA. Padraig Mac Lochlainn believes Honohan should not have publicly said Yes because: “…public servants, which Governor Honahan is, are paid by the taxpayer and [...] more »
Quote of the day…
This appears in a few papers this morning, but Miriam Lord has the best set up line: A Noonan one-liner is always flagged by a slow-growing smile and a drawled “yah know” as an opener. He thought it a mistake that Sinn Féin “as people who have such long experience of the courts system” were [...] more »
Father Brian D’arcy told to submit copy to Church censor…
And another liberal priest is brought to account by the Congregation for the Doctrine of the Faith… It is understood that his column is now run past a church censor, though none has been changed as a result. The disciplining of Fr D’Arcy brings the number of Irish priests censured by Rome to six. The [...] more »
Referendum: Hollande “is not intending to renegotiate the fiscal pact itself”…
One of the problems the Yes camp will have to contend with is the shifting sands in Europe (see Arthur Beesley for the latest political collapse in the Netherlands, far from the feckless PIGS…) And indeed the front page of today’s Irish Times carries a story on the leading contender for the French Presidency, Francois [...] more »
Referendum and the Euro crisis: “Its unravelling, if it comes to that, will look very different.”
Even though David Begg could not get the numbers in the ICTU to call for a Yes vote for the Fiscal Compact Treaty, he has clearly has some of concerns of his own about where a No vote would take Ireland. RTE reports this afternoon that ”he voiced fears that rejection would mean exclusion from the [...] more »
Euro crisis: “It is nice to have a big umbrella…”
The Guardian’s Economics blog starts with an interesting observation Those who watched Dominique Strauss-Kahn at the spring meeting of the International Monetary Fund a year ago say he played a blinder. Although he was to leave Washington under a cloud shortly afterwards, DSK impressed with his no-nonsense approach to his fellow Europeans. The IMF‘s managing [...] more »
“At present persons granted an Irish visa are not permitted to use that visa to travel to the UK.”
Not that we didn’t already know that… However, the Northern Ireland Tourism Minister, the DUP’s Arlene Foster, fielded a number of NI Assembly questions back in Feb/March on the issue of the Irish Government’s “Visa Waiver Scheme for nationals of 16 countries who hold a valid visa for entry into the United Kingdom.” Here is [...] more »
Orange EU Funding: An Opportunity to Exercise Responsible Society
Following the news that The Loyal Orange Order have received a grant of almost £900,000 from the European Union to help address the legacy of the Troubles and encourage cross-community interaction, people across the island of Ireland can only stand back in expectation of what is to follow. Unsurprisingly, the decision has been met with [...] more »
Austerity versus Stability Treaty: A volatile mix of politics and economics?
These days, the Republic seems to have more Referenda than Northern Ireland used to have fresh elections to new Parliaments/Assemblies/Conventions. For country in which policy plays so minor a role in public elections, this is generally where the established parties struggle to explain their own foreign policy decisions to a sceptical public… For now, according [...] more »
Euro Crisis: “Germany is not pursuing these manoeuvres out of malice…”
As Pete noted yesterday, things are never quite as they seem with the Eurozone. Paul Krugman writing in today’s New York Times bemoans the shortsightedness of Europe’s politician, but in it he makes an important category error when he describes the ECB as the European equivalent of the Fed… But he does suggest what has [...] more »
Euro crisis: “Barroso absolutely confident that Spain can meet its economic challenges.”
With Spain probably in recession, again, and the cost of its government borrowing topping 6%, again, European Commission president José Manuel Barroso is being ridiculed for his optimistic futuring. As the Guardian’s Eurozone crisis live-blog notes European Commission president José Manuel Barroso has just been quizzed about the eurozone crisis, at a summit on sustainable [...] more »

