Zombie Republic of Ireland (2010-2013)

Tonight, on #promnight, the winding-up has been announced of the Zombie Republic of Ireland, formed in 2010 when the former sovereign state became a ward of the Bundestag’s finance committee. The end-of-life processes of the former Republic were accompanied by rushed late night decision-making and ill-considered legislation. The death notice, issued from ECB President Jean-Claude Trichet, has never been made public. The zombie successor state was artificially kept in an animated state as a toxic repository where 1% of the EUs population has been assigned 42% of the European banking debt. Tonight, this European banking debt is poised to be consolidated as sovereign debt in late-night …

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Household Charge, Promissory Note, Ard Fheis: the day before April Fools’ Day

While everyone is conveniently busy not paying the Household Charge by the 31st March, the clocks are ticking towards the same deadline for payment of a €3.06 billion promissory note for Anglo-Irish Bank. Fortunately, as reported by the Journal.ie, Finance Minister Michael Noonan told the Dáil last week that: The discussions with the European authorities on the general issue continue but we are now negotiating with the EU authorities, and principally with the ECB, on the basis that the €3.06 billion …

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Is a Yes vote in #euref absurd?

Taoiseach Enda Kenny has already signed the European fiscal compact treaty along with 24 other European Union leaders at a ceremony in Brussels, although it still has to go to a referendum in the republic (at an as yet unknown date). The text of the treaty is provided here and is relatively short. A couple of extracts from Article 3 (below) give the real substance of this. ARTICLE 3 1. The Contracting Parties shall apply the rules set out in this paragraph …

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