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In story: Ireland to get a Government at last?

Re: Ireland to get a Government at last?
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But a damaged Burton is rather better than any of the options Labour have left right now.
by Colman (colman at eurotrib.com) on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
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In truth the ECB HAS to part ways with German foamers. Else they have to let the Euro fail. It is obvious to all but German foamers that the worst possible outcome is for the Euro to fail.

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
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But the ECB is certainly not asking Germany to provide the funds for QE! NO! They are just printing the money. If Germany dares to object the ECB can always say: "well, then, please tell the general public that you are preventing us from defending the payment system." As others here have so often noted defending the payment system is the most fundamental job of a central bank. After all, Euros are the liability of the ECB and only the ECB can print Euros - err - effectively.


by ARGeezer (ARGeezer a in a circle eurotrib daught com) on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
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The interesting twist is that, for most of its existence, as fjallstrom noted, "the ECB is also the muscle behind the Commissions threats to any state that dares use fiscal stimulus."

Graeber:

What's more, tight money policies and the need to balance budgets having been used as the main weapon to chip away welfare-state policies in Europe, it has necessarily become the stake of political struggles between bankers and pensioners, creditors and debtors, just as heated as those of 1890s America.

So, what's changed? The EZ economy tanking and the ECB "wise men" realizing that loosening the money supply was the only way to avert a total meltdown?

The ECB is surely supporting ReformTM, but it looks like they have now parted ways with the absolutists in the German political class.

by Bernard on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
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Francs are de rigueur with the Le Pen, of course. We don't know exactly how much does the clan Le Pen has stashed away: the French fiscal authorities are looking at their real estate assets, that have curiously been under-evaluated. The "Panama papers" are also hinting at some nest egg stashed away.

I suppose they'll have to get the presidency to have access to "real money"...

by Bernard on
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In story: 25 April - 1 May 2016

Re: Living Off the Planet
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Well, by 2100 most could have to shift to exo-glaciology due to a lack of opportunity to study terrestrial glaciers - unless we reverse the present course and soon.


by ARGeezer (ARGeezer a in a circle eurotrib daught com) on
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In story: Ireland to get a Government at last?

Re: Ireland to get a Government at last?
( / )
Personally I think both Enda Kenny and Joan Burton are damaged goods.  It may not all have been their fault, but they presided over a defeat of historic proportions.  The way politics works now, its all about your brand image, and being associated with a defeat is devastating regardless of your culpability or lack of.

I expect Noonan will go soon too, on grounds of age, if nothing else. It will be interesting to see whether Varadker or Coveney get the top job, although Frances Fitzgerald might be a dark horse.  Fine Gael will then brand themselves as the only people willing to take on the responsibilities of Government.  You want a Government?  Your only responsible choice is Fine Gael - will be the line.

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on
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In story: Ireland to get a Government at last?

Re: Ireland to get a Government at last?
( / )
Still think Burton is their best choice, for a while anyway. The replacements available all seem worse.
by Colman (colman at eurotrib.com) on
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In story: Ireland to get a Government at last?

Re: Ireland to get a Government at last?
( / )
I suppose you can't fault him for sticking to his principles, but I doubt the Labour Party will want to make water charges the centrepiece of their next electoral platform.

They don't have a lot of other choices, though.  Howlin?  Sherlock?

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on
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In story: Ireland to get a Government at last?

Re: Ireland to get a Government at last?
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A weird audition for leadership of the Labour party.
by Colman (colman at eurotrib.com) on
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In story: Open Thread 25 April - 1 May

Re: Open Thread 25 April - 1 May
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And then others notice this as well;-

Guardian - Suzanne Moore - The Hillsborough verdict shatters the fantasy that class war doesn't exist

Finally, 27 long years later, the cold class contempt that Hillsborough came to signify is laid out for all to see. Those who died did not die because they were "animals" or drinking too much or behaving badly. They were unlawfully killed. Their families did not grieve too much because they were from Liverpool and therefore emotionally incontinent or full of working-class mawkishness; they grieved because they lost their loved ones in absolutely horrific circumstances. Still, to read the details of how these people died tightens my stomach. Of the 96 who died, 37 were teenagers. The reality is that the dead were all sorts of people from different backgrounds. But very quickly they became no longer individuals but part of a mob who somehow deserved this awful fate. As life was squeezed out of them, then too their humanity was taken from them by the police, by politicians and parts of the press.
[....]
It must be somewhat galling for those in power now to have to accept this ruling, for they do not hide their class contempt either. They have elevated it to actual policy: all schools must be modelled on the schools they went to, but with fewer resources. All hospitals must be run to make a profit. Taxes are for the little people. Those who don't "get on" have only themselves to blame. An increasing range of theories come into play about why poor people are poor, which is never to do with lack of money but lack of civility. Or perhaps there is something wrong with their actual brains! Imagery of working-class people invariably invokes moral deprivation by showing a tendency to excess.

Social mobility, the supposed solution to all this, only allows the odd person to slip through the net. The middle class must simply hold on. Once there, one is required to be grateful (I am not) or merely chippy (I am). As I strain my ears to hear someone who talks like me on Radio 4 that isn't in a drama about child abuse, I never know who I am to be grateful to.



by Helen (lareinagal at yahoo dot co dot uk) on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
( / )
Same in Austria. The FPÖ also promises a plebiscite on TTIP and other good things. Not that they delivered last time. Still, the other parties look pretty weak. Especially the government. And in the end they'll just blame the refugees for their losses.

by generic on
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And expect it to get worse.


by ARGeezer (ARGeezer a in a circle eurotrib daught com) on
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In story: Open Thread 25 April - 1 May

Re: Open Thread 25 April - 1 May
( / )
The third (final?) inquiry into the 1989 Hillsborough disaster where 96 Liverpool fans died from crushing concluded yesterday.

The main results were that the victims were declared innocent and decided that other agencies, most notably the South Yorkshire police and ambulance authorities, were primarily to blame for the crush and failure to deal with the resulting casualties.

Most news reports, and I recommend this essay from David Conn if you really want to know the grisly detail of every fault perpetrated that day, have focused on the fact that, at last, the fans in the Leppings lane stand have been cleared of responsibility for causing the crush and that the lies and deceits of the police have been exposed.

However, I want to focus on a wider issue: Justice delayed.

I notice that people are talking about an inquiry into police behaviour at the "battle of Orgreave" during the miners strike in 1984. Wrongful arrests, assaults and denial of rights happened on an industrial scale to the extent that not one successful prosecution resulted. Yet not one policeman was disciplined despite widespread abuses being admitted.

We have Hillsborough where finally a limited justice emerges after 27 years.

Apparently lessons are learned.

Yet we have recently had the Rotherham sex abuse case where victims were blamed for the crimes perpetrated against them and it took decades for truths to emerge.

The thing that hangs all of them together is a belief that designated "out" groups, the poor, the working classes, Liverpudlians, runaway girls bring their woes upon themselves, that they are somehow responsible for the crimes that are inflicted upon them.  That, by being seen to be problematic for the elites they divorce themselves from the protections other members of society can expect by right.

There is also a suspicion that the political classes are happy for such groups to exist so their misfortunes might be used, not just as a way of enabling the aspirant working classes to look down upon them feel virtuous by comparison but that they can function as a warning of what might happen if you don't cooperate.

So, these issues will continue to happen, because there really is no incentive to fix it. Those whose lives are ruined are considered expendable.

by Helen (lareinagal at yahoo dot co dot uk) on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
( / )
Well they have the paranoia part down.
by rifek on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
( / )
"Qualitative Fingernail Extraction"?
by rifek on
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In story: Ireland to get a Government at last?

Re: Ireland to get a Government at last?
( / )
Alan Kelly, former Environment Minister
Fine Gael and Fianna Fail have been accused of treason and sabotage over plans to suspend water charges in order to clear the path for a minority government.

Outgoing Environment Minister Alan Kelly launched the withering attack on his former cabinet colleagues and opposition benches as the contentious issue looks set to make or break power for acting Taoiseach Enda Kenny.

Fine Gael confirmed they want a nine month suspension of charges to let a special commission examine Irish Water's charging regime and its much-maligned funding model.

Fianna Fail leader Micheal Martin insisted his party w as committed to the suspension of charges until the next election.

The responses came after Mr Kelly used one of his final speeches as a minister to fire broadsides at his opponents and defend the idea of asking people to pay for water from an environmental, conservation, common sense and economic point of view.

The Labour deputy leader said a deal to suspend charges or abolish Irish Water as a utility would throw Ireland back to the 19th century.

"I believe we are about to witness the triumph of mediocrity over modernism, of short-termism over common sense and immaturity over innovation," Mr Kelly said.

"If the scrapping of Irish Water goes ahead, let's call this what it is, political, economic and environmental sabotage."

Mr Kelly claimed the lifting of charges would lead to water shortages in Dublin in the future and continue the pumping of 20,000 tonnes of sewage into Cork harbour every day.

And he likened the reported deal on a minority government to the abolition of household rates in 1977 by Fianna Fail which ultimately created a massive hole in the country's finances and led to crippling income tax rates of up to 60% in the 1980s.

"We risk repeating that mistake again. Every other EU country has some type of domestic charge on water," he said.

Negotiations between Fine Gael and Fianna Fail continued while the Taoiseach put his case to parliamentary party members.

They also include an option to refund about two million payments for people who paid Irish Water bills.

Since its inception in 2013, Irish Water has overseen the building of 34 new treatment plants - 26 for sewage and eight for drinking supplies - and fixed or replaced 454km of pipes.

Some 17,300 people in Roscommon have also seen boil water notices lifted.

Mr Kelly also claimed 34 million litres of water - enough to supply Co Wicklow for one day - which was being lost through leaks was now staying in the supplies every day.

The outgoing minister also claimed Ireland could be facing millions in fines from Europe if water charges were abandoned.

A commitment to them was made by the Fianna Fail-led government in 2010 when it signed up to the Water Framework Directive as the country went bankrupt.

Mr Kelly also said water conservation was a necessity in tackling climate change.

"A former politician once stood in this house and accused Fianna Fail of economic treason - today I believe Fianna Fail are guilty of environmental treason and the Labour party stands behind the important public service of water provision," he said.



by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on
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This IS a great day. Good old Denny Hastert (remember him?) has to go in for court mandated sex-offender treatment and it's splashed all over the news. The late nite comedians should have a field day with that. Plus the cute blond in 12 Monkeys is back to 2016 and she's a bad-ass, blasting the crap out of people. With Clinton and Trump, where's time travel when you need it? Guess this is "proof" that time travel is impossible. Bummer. 😓

by THE Twank (yatta blah blah @ blah.com) on
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That's why they pay me the big money. 😷

by THE Twank (yatta blah blah @ blah.com) on
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Breakdown of the polar jet stream is pushing warmer than normal air up into the arctic causing colder than expected air to flow south across Europe creating the odd weather you are experiencing.

Expect this kind of thing to continue for the rest of your lives.  

by ATinNM on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
( / )
I guess that must have been the random first one Google found for me.
by gk (gk (gk quattro due due sette @gmail.com)) on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
( / )
Most reports would state that this would be a long way from being enough, although I found one that claimed a much higher figure than the others, one that would have put it above a billion francs indeed.

by Cyrille (cyrillev domain yahoo.fr) on
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Thanks for reminding me of 12 monkeys (there is a television show based on (almost) the same time travel premise as the movie). And as it turns out, there is a second season out there to be watched.
by fjallstrom on
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Don't know what makes me sicker ... watching Clinton or Trump pontificating. Turn off TV news for the next 6 months. 😝

Stick to 12 Monkeys and Orphan Black. Too bad The Magicians are off till next year. 😍  

by THE Twank (yatta blah blah @ blah.com) on
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Yes, there was hail here yesterday and snow is forecast for england west of London

by Helen (lareinagal at yahoo dot co dot uk) on
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Is it really April 26? Snow and hail blanket parts of the Netherlands - DutchNews.nl
Large parts of the northern and eastern Netherlands were blanketed by hail and snow on Tuesday morning as the KNMI weather bureau issued a code yellow warning for the entire country.

And also today:

by Bjinse (bjinsedankert at gmail dot com) on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
( / )
Such as french Francs?
by gk (gk (gk quattro due due sette @gmail.com)) on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
( / )
"Both Le Pen père and daughter are billionaires"

Not to defend them but that's millionaires with an m.

Unless you count in a pretty exotic currency of course.

by Cyrille (cyrillev domain yahoo.fr) on
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In story: ECB Independence, Then and Now

Re: ECB Independence, Then and Now
( / )
Perhaps they just want to go back to cosy old East Germany, with a Prussian outlook towards the East...

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on
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Back to your mellifluous best, I see, melo!

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on
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News and Views

 25 April - 1 May 2016

by Bjinse - Apr 24, 15 comments

Your take on today's news media

 18 - 24 April 2016

by Bjinse - Apr 17, 22 comments

Your take on today's news media

 Open Thread 25 April - 1 May

by Bjinse - Apr 24, 6 comments

Open for threading

 Open Thread 18 - 24 April

by Bjinse - Apr 20, 28 comments

Thread's what you make it

Occasional Series
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