Source: Lenihan defends reticence to tell public about talks - The Irish Times - Fri, Nov 19, 2010Labour finance spokeswoman Joan Burton asked Mr Lenihan who was leading the Irish negotiating team. He replied: I am in charge of these negotiations. He continued: I am not participating in the conduct of the discussions because they are of a technical nature. He said those involved were Department of Finance officials, assisted by officials from the National Treasury Management Agency who are subject to my direction.
What it boils down is negotiating the bailout loan: amount, term & interest rate. I believe we have huge bargaining power with the EU - if Ireland defaults, the Euro project is over.
The old saying that if you owe the bank a thousand then you are in trouble, if you owe the bank a million, then they are in trouble. In this case we owe the "bank" about 100 billion, so who's in trouble us or them?
Frankly Lenihan doesn't have the skills required to negoiate a deal with the EU/IMF (remember that little deal he brokered with the banks on Sept 29th 2008?).
I think we should be bringing in serious negotiators here - the likes of Mick O'Leary come to mind - ballsy, aggressive & hugely experienced, but not sure if he would be available...
Who do you think should be on our team?
(serious answers only - which also excludes anyone who is dead.)