• Due to a glitch in the old vBulletin software, some users were "banned" when they tried to change their passwords at the end of February. This does not apply after the site was converted to Xenforo. If you were affected by this, please us viua the Contact us link in the footer.

SBP - "EU to scrutinise every detail of new budget plan"


jacko

Well-known member
Joined
Mar 6, 2009
Messages
2,666
In tomorrows SBP, Pat Leahy is reporting that the Commission will engage in section by section, year by year scrutiny of not only the four year plan but also, this years budget.

Quotes senior source as saying

"If the government wants to increase excise duties, the Commission would want to know on what products, by how much and what extra revenue you believe it will raise"

Commission also expects any new government to fully adhere to the four year plan.

Thats it. We need an election.

No way should the FF/Green muppets bind the new govt
 


dotski_w_

Well-known member
Joined
Oct 28, 2004
Messages
2,485
Website
irishpollingreport.wordpress.com
In tomorrows SBP, Pat Leahy is reporting that the Commission will engage in section by section, year by year scrutiny of not only the four year plan but also, this years budget.

Quotes senior source as saying

"If the government wants to increase excise duties, the Commission would want to know on what products, by how much and what extra revenue you believe it will raise"

Commission also expects any new government to fully adhere to the four year plan.

Thats it. We need an election.

No way should the FF/Green muppets bind the new govt
The Commission can "expect" whatever it likes - there's no way the Council would stand for incoming National Govts not being "allowed" to change govt policies
 

Catalpa

Well-known member
Joined
Jun 10, 2004
Messages
10,301
In tomorrows SBP, Pat Leahy is reporting that the Commission will engage in section by section, year by year scrutiny of not only the four year plan but also, this years budget.

Quotes senior source as saying

"If the government wants to increase excise duties, the Commission would want to know on what products, by how much and what extra revenue you believe it will raise"

Commission also expects any new government to fully adhere to the four year plan.

Thats it. We need an election.

No way should the FF/Green muppets bind the new govt
The same rules will apply to whichever Government is in power as the ECB is effectively keeping this Ship of State afloat in order to prop up the Euro.

The only way out is to secede from the EU

- and issue a Declaration of Independence

EUROPA CONVENTUS DELENDA EST
 

dotski_w_

Well-known member
Joined
Oct 28, 2004
Messages
2,485
Website
irishpollingreport.wordpress.com
The same rules will apply to whichever Government is in power as the ECB is effectively keeping this Ship of State afloat in order to prop up the Euro.

The only way out is to secede from the EU

- and issue a Declaration of Independence

EUROPA CONVENTUS DELENDA EST
Good luck with that .... :D
 

Eye of Angkor

Well-known member
Joined
Feb 20, 2009
Messages
338
Whilst I had hoped that FF would have to face the People after at least one, if not two of the budgets that they must implement as a result of their own incompetence, given these developments there is no real alternative to an election before the 4 year plan kicks in.
 

gijoe

Well-known member
Joined
Jul 26, 2010
Messages
15,377
I think we need to change the name of the State from the Republic of Ireland to the Slave State of Ireland to better reflect the new reality.
 

Gemlarkin

Active member
Joined
Oct 2, 2010
Messages
239
Fianna Fáil need some blame sharers before the next election

Fianna Fáil need some blame sharers before the next election.

After the briefiest periods of a National government they would them proceed to a General Election that they would hope to win as every party would be reduced to offering the same medicine.
 

He3

Moderator
Joined
Oct 1, 2008
Messages
17,094
EU moves to fulfil Catalpa and Future Taoiseach's predictions

Another government 'reform' takes shape.

Minister for Finance (Deputy Brian Lenihan): The European Council has taken a number of steps in recent weeks and months to safeguard the financial stability of the euro area. However there is a broad understanding that economic governance within the euro area needs to be improved. To this end, the President of the European Council Herman Van Rompuy has established a Task Force to look more closely at reform. The Task Force — of which I am a member — has met once already and is set to look four main issues: a crisis resolution mechanism for the euro area, addressing macroeconomic imbalances, reinforcing the Stability and Growth Pact, and budgetary coordination. Ministers discussed all issues and the general view was that all avenues for improvements that could be advanced quickly should be the focus of their work. The Task Force will meet next week and the President intends to provide an interim report to the European Council in June. A final report will be made to the European Council in October.

Written answer to Billy Timmins 1 June 2010

http://www.politics.ie/europe/131210-eu-budget-vetting-agreed.html#post2741663

This exchange was on that thread in June -

FT said:
Foreign govts will be deciding our tax-rates.
hiding behind a poster said:
No, they won't.
Catherine Day is closer to FT than to hbap I think.

“Every country can decide its own tax policy, but that is not the end of the story,” she said at a briefing for Irish journalists.

“So if Ireland decides it wants to keep a low corporation tax, it has to deal with the deficit in some other way and we will be saying: ‘Okay, that’s your choice. If you don’t deal with it that way, how are you going to do it?’”

[...]
The Government insists it will not change the policy but certain EU officials struggle to see how it can bring the deficit below 3 per cent without reviewing the corporation tax rate.

Asked whether the commission can force a state to change its policy, Ms Day said “No, we can’t and we wouldn’t”. In the budget area, “there’s never one answer, but other answers may be more unpalatable”, she said.

“We can’t make Ireland change that, but . . . perhaps public spending will have to be slashed even more severely. But those are national choices that we will not make,” Ms Day said.

“But what we will do, because it is our job to ensure that the euro remains strong, is to say that Ireland and every other member state has to have a credible path to putting its deficit back under control . . . It is for us to say what would work in a European context if a government doesn’t get its public finances under control.”


http://www.politics.ie/europe/139887-eus-catherine-day-says-keeping-low-tax-policy-means-other-cuts.html
 
Last edited:

Magror14

Well-known member
Joined
Jun 13, 2008
Messages
1,893
A country that went on a massive reckless spending spree on borrowed money can have no reason to complain when the excessively indulgent EU wants to examine closely our ability to keep budgetary discipline into the future. It is their money we are spending.

Remember, no one took our economic sovereignty from us. We threw it away on 3 foreign holidays a year, latest model cars and 300K Semi-Ds in the back of beyonds.

Time to grow up now and take the pain.
 

Eye of Angkor

Well-known member
Joined
Feb 20, 2009
Messages
338
The European Project is now been seen in its true colours

- its a Takeover not a Makeover.

Rubbish!

Ireland could have easily have gorged itself on credit as part of the Sterling or indeed the Dollar zone.

Substituting "Brussels" for "Lehmans" makes no odds. Finger pointing of this kind avoids facing up to determining who is in fact to blame for this mess.
 

turdsl

Well-known member
Joined
Mar 2, 2008
Messages
26,085
In tomorrows SBP, Pat Leahy is reporting that the Commission will engage in section by section, year by year scrutiny of not only the four year plan but also, this years budget.

Quotes senior source as saying

"If the government wants to increase excise duties, the Commission would want to know on what products, by how much and what extra revenue you believe it will raise"

Commission also expects any new government to fully adhere to the four year plan.

Thats it. We need an election.

No way should the FF/Green muppets bind the new govt

You see it is too late, Brian Lenihan has already given away our economic sovereignty, Our new boss is Mr Rihn and he gives the instructions for the future of our country, The first thing Brian has to do produce a 4 year plan. Brian may have the ability to do that and no doubt the muppets, as you call them in F.F/ greens will vote for it, There is a problem with Jackie Healy Rae, TD. I just wonder has Brain told Mr Rihn about this man, money may have to be supplied to repair all roads around Kilgarven, If not Ireland may have no government.
Someone should tell Mr Rihn about the precarious position Ireland is in, he might agree it would be best policy to have the election first.
 

CookieMonster

Well-known member
Joined
Feb 19, 2005
Messages
34,712
What exactly have the commission got to do with anything?
 

TODevastated

Well-known member
Joined
Oct 9, 2009
Messages
1,334
A country that went on a massive reckless spending spree on borrowed money can have no reason to complain when the excessively indulgent EU wants to examine closely our ability to keep budgetary discipline into the future. It is their money we are spending.

Remember, no one took our economic sovereignty from us. We threw it away on 3 foreign holidays a year, latest model cars and 300K Semi-Ds in the back of beyonds.

Time to grow up now and take the pain.
not so much of the "WE" all did blah blah blah

some of us did not and find it quite sickening to be lumped in with the rest who lost the plot
 

Ulster-Lad

Well-known member
Joined
Oct 26, 2006
Messages
10,092
What exactly have the commission got to do with anything?
As I understand it, they have to approve all our future budgets. We risk the loss of voting rights and funding if we do not comply.
 

skooal

New member
Joined
Oct 2, 2009
Messages
3
speak for yourself...

A country that went on a massive reckless spending spree on borrowed money can have no reason to complain when the excessively indulgent EU wants to examine closely our ability to keep budgetary discipline into the future. It is their money we are spending.

Remember, no one took our economic sovereignty from us. We threw it away on 3 foreign holidays a year, latest model cars and 300K Semi-Ds in the back of beyonds.

Time to grow up now and take the pain.

Good for you if you did so or evolved in such a luxurious environment...

I have a second hand car, 6 kids, 7th on the way, have a 20 000 a year salary and always been counting every penny. So... you should pay for your great life!!!! not me...
 

CookieMonster

Well-known member
Joined
Feb 19, 2005
Messages
34,712
goodwill - we currently have €70 billion on loan to our banks from the ECB - no one else will lend to us
ECB ≠ European Commission.
 

Ulster-Lad

Well-known member
Joined
Oct 26, 2006
Messages
10,092
 

Ulster-Lad

Well-known member
Joined
Oct 26, 2006
Messages
10,092
The EU's economic governance: Rewriting the rulebook

Lisbon Treaty offers new possibilities

At their March summit, EU leaders appeared to partially overcome these obstacles, stressing that the EU’s new economic governance should make full use of "the new economic coordination instruments offered by the Lisbon Treaty".

The text explicitly mentions Article 136 of the Lisbon Treaty, which states that the EU Council of Ministers – representing the 27 member states – can adopt measures concerning eurozone countries in order "to strengthen the coordination and surveillance of their budgetary discipline" and "to set out economic policy guidelines for them".

Such measures can be adopted by a qualified majority of the "participating member states," meaning in this case the 16 countries that are currently members of the euro (Article 238.3(a)).
The EU's economic governance: Rewriting the rulebook | EurActiv

It sure looks to me as though the rulebook has been rewritten. The ECB is supposed to be neutral. Therefore it can not offer advice or large bailouts without approval from the EU.
 

Popular Threads

Most Replies

Top