Joe Higgins challenges Trichet and Rehn over bailout

antiestablishmentarian

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Despite the 'bailout' of the Irish banks, the Irish contagion has continued to spread. Today, Joe Higgins, Socialist Party MEP for Dublin challenged Rehn and Trichet over the terms of a 'bailout' which will see savage austerity measures imposed on ordinary working class people the length and breadth of this country in a move which is designed to please the faceless bondholders and speculators.

YouTube - Joe Higgins MEP challenges ECB President and EU Economics Commissioner
 


Watcher2

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Go get that useless hump Trichet Joe. Make him print the money that not only us, but a number of the other euro members require.

For us, only Trichet can truly save us from the hole that Bertie and his clowns dug for us.
 

Watch The Break

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Folks, does anyone here seriously expect we can meet the €10 billion annual interest repayments?

And if so, can they please explain how this would work in the context of this year's budget?

I don't get why this question is being ignored. I've heard Lenihan twice refuse to even address it today alone.
 

Watcher2

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Folks, does anyone here seriously expect we can meet the €10 billion annual interest repayments?

And if so, can they please explain how this would work in the context of this year's budget?

I don't get why this question is being ignored. I've heard Lenihan twice refuse to even address it today alone.
Of course we cant. We cant afford things as they are so how the feck are we expected to afford 30% of our income on new interest payments. He is not addressing it because he cant.

We are fecked.
 
G

Gimpanzee

How many words does Joe have written on each page?

10 A4 pages for a 1 minute speech?
 

Watch The Break

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Of course we cant. We cant afford things as they are so how the feck are we expected to afford 30% of our income on new interest payments. He is not addressing it because he cant.

We are fecked.
Surely someone must think we can?

Or have we engaged in a national economic policy of 'don't ask, don't tell'?

What's the point of even debating the merits of any plan if it ignores the €40 billion black hole underneath the period it covers.
 

Watch The Break

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Would that be surprising?
Is that not what they have been doing all along???
Sure seems so...
Some financial analysts on the last word suggesting the four year plan is meaningless without the bank plan.

Brian Lenihan insisting everyone thinks it's brilliant.

Fine Gael refusing to commit to a bondholder haircut. More of the same.
 

Sham96

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It is not 10b a year. It is AT LEAST 14b a year. We have no chance of paying that back. The markets know we won't be paying it back. We have to go Nuclear.
 

Watch The Break

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There really has to be a debate on the best approach to a structured default.

Every independent (as much as they can be) financial analyst seems to be of the opinion that we have to default.
 

nonpartyboy

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When the markets actually start looking at this deal the whole thing is going to fall apart, we can't possibly pay back the interest bill and personally I think the cutbacks are a farce, still plenty of sacred cows left alone, taxing the ************************e out of productive workers , while still trying to maintain the welfare state. I give it weeks before the whole thing starts to unravel.
 

Watch The Break

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When the markets actually start looking at this deal the whole thing is going to fall apart, we can't possibly pay back the interest bill and personally I think the cutbacks are a farce, still plenty of sacred cows left alone, taxing the ************************e out of productive workers , while still trying to maintain the welfare state. I give it weeks before the whole thing starts to unravel.
Are you nuts? Taxing the 'productive worker'? Do you have any idea how low taxes are for better paid workers in this country compared to European economies?

But you're right, it makes no odds. We are going to have to default and everything else is academic.
 

NewGoldDream

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Despite the 'bailout' of the Irish banks, the Irish contagion has continued to spread. Today, Joe Higgins, Socialist Party MEP for Dublin challenged Rehn and Trichet over the terms of a 'bailout' which will see savage austerity measures imposed on ordinary working class people the length and breadth of this country in a move which is designed to please the faceless bondholders and speculators.
Ha ha!

Was this the Joe Higgins who walked out of a meeting with Rehn yesterday because of some nonsense over his right to disclose?

And despite excluding himself from the process he now wants to have a go?

I like Higgins. I think he is intelligent. I think he brings a lot of colour to politics. And I would credit him with the utmost integrity.

But this grandstanding nonsense and posturing for the cameras and making the same tired statements, this very public attempt to leave the tent and piss in and have everyone look at him doing so, it's just playing to the gallery.

Another 'achieved nothing' entry for his cv. Albeit that it also contains no big blots either in fairness.
 

nonpartyboy

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Are you nuts? Taxing the 'productive worker'? Do you have any idea how low taxes are for better paid workers in this country compared to European economies?
I'm talking about low and middle income workers, refuse relief gone, rent relief gone, water charges, property tax , higher taxes , higher medical expenses while people on welfare will be exempted from all these, it's a recipe for disaster.
 

powderfinger

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Folks, does anyone here seriously expect we can meet the €10 billion annual interest repayments?

And if so, can they please explain how this would work in the context of this year's budget?

I don't get why this question is being ignored. I've heard Lenihan twice refuse to even address it today alone.
Of course we won't be able to make the payments.The IMF know this,but they will most likely modify the loan for a hefty fee and harsher 'conditionalities'.
Ireland will become a perpetual motion debt servicing machine,pressed,squeezed and eventually colonised by the international 'finance community'.
There are some Irishmen who will do rather well out of this fiscal enslavement.
 

Luigi Vampa

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Ha ha!

Was this the Joe Higgins who walked out of a meeting with Rehn yesterday because of some nonsense over his right to disclose?

And despite excluding himself from the process he now wants to have a go?

I like Higgins. I think he is intelligent. I think he brings a lot of colour to politics. And I would credit him with the utmost integrity.

But this grandstanding nonsense and posturing for the cameras and making the same tired statements, this very public attempt to leave the tent and piss in and have everyone look at him doing so, it's just playing to the gallery.

Another 'achieved nothing' entry for his cv. Albeit that it also contains no big blots either in fairness.
Not one lying corrupt dirty FFker would be fit to lace Joe's boots.

http://www.youtube.com/watch?v=Gqm21LlhTrM
 

bonkers

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people on welfare are not exempt from the property charge.try living on 173e a week when you have a disability.
 

Luigi Vampa

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Despite the 'bailout' of the Irish banks, the Irish contagion has continued to spread. Today, Joe Higgins, Socialist Party MEP for Dublin challenged Rehn and Trichet over the terms of a 'bailout' which will see savage austerity measures imposed on ordinary working class people the length and breadth of this country in a move which is designed to please the faceless bondholders and speculators.

YouTube - Joe Higgins MEP challenges ECB President and EU Economics Commissioner
Excellent speech.
 

Watch The Break

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Of course we won't be able to make the payments.The IMF know this,but they will most likely modify the loan for a hefty fee and harsher 'conditionalities'.
Ireland will become a perpetual motion debt servicing machine,pressed,squeezed and eventually colonised by the international 'finance community'.
There are some Irishmen who will do rather well out of this fiscal enslavement.
A lot of them already have. Asset stripping has been kept fairly quiet but no doubt is on the agenda as well.

I think it's fair to say at this stage that our social system has failed utterly. Whatever rises from the ashes has to insulate us from these predators (internal and external) one way or the other.
 


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