Central Bank chief nominated for ECB vice president job



borntorum

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Our very own Volatire should have been nominated.

He's an expert on everything.
 

ger12

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HarshBuzz

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Philip Lane has done an excellent job. Hardly a surprise he should be given a chance to shine on a bigger stage?
 

Disillusioned democrat

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Philip Lane has done an excellent job. Hardly a surprise he should be given a chance to shine on a bigger stage?
Hmmmm..he's in the job just over 2 years and was a thorn in FG's by sticking to his guns.

As FG's time in government heads to an inexorable end, and with so much more value yet to extract from the already beleaguered home buyers and renters it will certainly be good news for FG if the next governor isn't quite so good.
 

hammer

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Hmmmm..he's in the job just over 2 years and was a thorn in FG's by sticking to his guns.

As FG's time in government heads to an inexorable end, and with so much more value yet to extract from the already beleaguered home buyers and renters it will certainly be good news for FG if the next governor isn't quite so good.
Really,

Maybe IM FF have asked for the return of Neary & Hurley :)

Keep up the good work Paschal et al

Keep those Central Bank guidelines robust.

Tighten them if needed to keep the doomsters happy.

2.5 times income would be perfect.
 

Hillmanhunter1

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Philip Lane has done an excellent job. Hardly a surprise he should be given a chance to shine on a bigger stage?
Absolutely. He is a top drawer economist and Ireland needs to put capable people forward to European positions.
 

carlovian

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Really,

Maybe IM FF have asked for the return of Neary & Hurley :)

Keep up the good work Paschal et al

Keep those Central Bank guidelines robust.

t.
Or get around them with first time buyers grants for houses up to 600,000.

Or the government could provide 30 year loans itself for borrowers to get round the rules.
 

Hillmanhunter1

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Hillmanhunter1

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Central banks should be scrapped.
Absolutely, along with agriculture, industry, construction, sports and the arts. Get rid of them all, they're nothing but trouble.
 

Golden Phoenix

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Lane was "okay" at keeping the new mortgage rules in place when Michael Noonan tried to have them changed, thereby delaying FG's plans to put a whole new generation into unsustainable debt.

Is this just FG's way to clear the pitch for a more "like minded" chief or a genuine "job well done"?

https://www.rte.ie/news/business/2018/0130/937099-lane-nomination/
I do wish there was an open, public competition for these big, lucrative posts in Europe.

When you consider that even the most basic job requires an application and interview - think of working in a supermarket for example - it does make you wonder.
 

Hillmanhunter1

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I do wish there was an open, public competition for these big, lucrative posts in Europe.

When you consider that even the most basic job requires an application and interview - think of working in a supermarket for example - it does make you wonder.
Only if you are spectacularly naïve!

The power of central banks is a subdivision of and derives from the power of governments. Even if the received wisdom is that monetary policy should not be exercised directly by elected representatives (because politicians everywhere have a proclivity to debase money) it is nevertheless appropriate that the public servant who does exercise central bank power does so in the interests of the common good, and should be appointed by and be answerable to elected representatives.

Sticking an ad in the Irish Times will not increase the pool of likely candidates, nor the transparency of the process. The decision will always be made, as it should be, by elected politicians.
 


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