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Brian Lenihan ranked the 2nd worst Finance Minister in Europe: FT

kerrynorth

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He was just pipped by Fernando Teixeira dos Santos of Portugal for the title of worst Finance Minister in Europe, although give him time, he is only 6 months in the job, plenty of time yet to get the title. You have to pity for the people of Portugal if they are reckoned to have someone worse than Brian Lenihan. :D

European Finance Ministers: 2008 rankings
FT.com / Video & Audio / Interactive graphics - European finance ministers: 2008 rankings
 


Pauli

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I wouldn't pay this much attention. If it has Peer Steinbruck at No. 2, it is not a serious survey in any sense of the word
 

Aindriu

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Lenihan summed up his abilities himself when he uttered "Lawyers are not accountants" on TV recently. "Why the hell is he in the job then?" was my repsonse.
 

sandar

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the oportuguese fella must have gone on a killing spree or somehting to finish in front of Lenihan, the single worst finance minister in the history of this state
 

Odyessus

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Lenihan summed up his abilities himself when he uttered "Lawyers are not accountants" on TV recently. "Why the hell is he in the job then?" was my repsonse.


Non sequitur. The job is Minister for Finance, not Chief State Accountant.

Do you expect the Minister for Health to be a doctor? Or the Minister for Agriculture a farmer?
 

Bobert

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Non sequitur. The job is Minister for Finance, not Chief State Accountant.

Do you expect the Minister for Health to be a doctor? Or the Minister for Agriculture a farmer?

Those wouldn't be bad ideas...
 

drbob1972

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Non sequitur. The job is Minister for Finance, not Chief State Accountant.

Do you expect the Minister for Health to be a doctor? Or the Minister for Agriculture a farmer?
i'd expect competence and a firm understanding of economics from such a key ministery, basicaly someone whom would be a CEO / COO in the private sector of a large fortune 1000 company
 

cyberianpan

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A miserably confused survey. A secondary student would get an F mark for it due to the "methodology".

It associates macroeconomic performance for a time interval with the relevant minister for finance.

There is no explanation as to how/why these are correlated , for starters none of the ministers have much influence on monetary policy etc.

That said I don’t think Lenihan is much good – but this pseudo-scientific, new-age babble masquerading as professional analysis is most annoying.

cYp
 

Clanrickard

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Those wouldn't be bad ideas...
Ministers gte the job on geographical or political merits. In no other walk of life can saomeone walz in to be head of a department that has 1000's of employees and a budget of billions with absolutely no experience of amanging anyhting.
 

Odyessus

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i'd expect competence and a firm understanding of economics from such a key ministery, basicaly someone whom would be a CEO / COO in the private sector of a large fortune 1000 company

I completely agree.
 

Bobert

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Ministers gte the job on geographical or political merits. In no other walk of life can saomeone walz in to be head of a department that has 1000's of employees and a budget of billions with absolutely no experience of amanging anyhting.

Just as well we have a Dáil full of Doctors, lawyers, accountants, teachers, publicans, Thespians, and farmers, isn't it?
 

badboy2

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Non sequitur. The job is Minister for Finance, not Chief State Accountant.

Do you expect the Minister for Health to be a doctor? Or the Minister for Agriculture a farmer?

We would be happy if they have a passing interest in their brief before being appointed to it. But with FF thats too much to hope for as the sucession stakes always take precedence over the national interest.
 

Odyessus

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Just as well we have a Dáil full of Doctors, lawyers, accountants, teachers, publicans, Thespians, and farmers, isn't it?

We have a Dáil full of citizens elected by their fellow citizens in free and fair elections.
 

Bobert

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We have a Dáil full of citizens elected by their fellow citizens in free and fair elections.

Yes. We do. But I see no reason why a TD who worked as a farmer or a TD who worked as a teacher can't be put into posts they have experience in. Do you?
 

Aindriu

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Non sequitur. The job is Minister for Finance, not Chief State Accountant.

Do you expect the Minister for Health to be a doctor? Or the Minister for Agriculture a farmer?
It would be a great benefit. In the position of Minister for Finance I would argue that accounting knowledge is extremely helpful in helping the Minister to balance the nation's books. My guess is that lawyers don't get to see the inside of a profit and loss account and/or an assets ledger too often. Accountants do however :)
 

Odyessus

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It would be a great benefit. In the position of Minister for Finance I would argue that accounting knowledge is extremely helpful in helping the Minister to balance the nation's books. My guess is that lawyers don't get to see the inside of a profit and loss account and/or an assets ledger too often. Accountants do however :)


The Department of Finance is awash with accountants and economists. Officials are there to inform the Minister of the facts of the situation, and advise on the likely (financial) consequences of any proposed course of action.

It is up to the Minister to make decisions based on this information.
 

Odyessus

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Yes. We do. But I see no reason why a TD who worked as a farmer or a TD who worked as a teacher can't be put into posts they have experience in. Do you?

I don't think such people should necessarily be disqualified, but I do not believe they are uniquely qualified either. For example, there is a danger that a doctor as Minister for Health might be more sympathetic to consultants arguing for more expensive contracts to treat public patients.

Likewise an Agriculture Minister dealing with the IFA might be more inclined to the farmer's point of view simply because he himself is one, rather than considering the public good as a whole.
 


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