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EUObserver: Europe Day celebrated amid growing criticism of ECB (9 May 2011)
A more frank assessment of the current climate [than van Rompuy's haiku] was offered by Ireland's European commissioner, Maire Geoghegan Quinn, in a Europe Day address to the the Irish parliament.

...

She appeared to be responding to sharp criticisms [by Morgan Kelly] of the European institutions' handling of the Irish economic crisis and in particular the ECB's insistence of full repayment of bank bonds out of the taxpayer's pocket that appeared in the country's newspaper of record, the Irish Times, on the weekend.

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On Monday, the Irish prime minister, Enda Kenny, appeared to endorse criticisms of the ECB, called for "ways in which to improve the bank's accountability", while Micheal Martin, leader of the opposition Fianna Fail party, attacked the bank's "rigid orthodoxies" and said it "does not appear to have the humility required to evolve or the diversity to encourage rigorous debate on policy alternatives. Its defensiveness in the face of criticism serves no positive public purpose."



Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Tue May 10th, 2011 at 02:07:33 AM EST

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