Economy
Euro crisis: “With that we buried the Maastricht Treaty, the legal basis for currency union”
A couple of interesting reports in the Irish Times with relevance to the ongoing euro crisis. First, from Derek Scally in Berlin …Mr Asmussen, a member of the ECB governing council, said growth measures – agreed without reopening the fiscal treaty – could help drive European integration. “The benefits of a currency union are so [...] more »
Euro crisis: “the quadriga is a perfect symbol of how confused and contested that project has become”
Tim Garton Ash asked, “Who wishes to address the assembly?“. Will Self has a point of view on the euro crisis and the European Project’s democratic deficit. You can listen to his Radio 4 Point of View here. From the accompanying BBC Magazine article That these same politicians were afflicted by a strange sort of [...] more »
Euro crisis: “Tis agoreuein bouletai?”
At the Guardian’s Comment is Free, Tim Garton Ash is still a believer in the European Project but, probably, not an optimistic one. As well as mentioning a familiar quote from Luxembourg’s Prime Minister he makes an important point, as Greece faces a democratic choice, again, that applies to the wider euro crisis. From the Comment is Free article Greece’s untold, [...] more »
Greece: “good luck for the next restructuring…”
As the euro crisis rumbles on, confirmation, if any were needed, that Greece is, indeed, heading back to the polls. You can follow further developments on the Guardian’s live-blog. Meanwhile, having cajoled the vast majority of their private sector creditors into taking part in a bond swap deal in March, the Greek government [who? - [...] more »
“Mr Varadkar said Ireland and Britain could become a ‘mini-Schengen’”
The Irish Times reports some odd comments by the Irish Government Tourism and Transport Minister, Leo Varadkar, at a meeting of the British Irish Parliamentary Assembly at Leinster House in Dublin. Odd, that is, given what we already know. From the Irish Times report Mr Varadkar said tourists and business visitors should not be forced [...] more »
Euro crisis: “Hold your sides and laugh out loud, otherwise you’ll have to cry.”
Despite some optimistic noises overnight, it still seems more likely than not that Limbo Greece will face new elections. As the Guardian live-blog noted earlier today The Democratic left party in Greece has said it will not back a pro-bailout government. That almost certainly means that Venizelos’s attempts to form a government coalition around agreement on the bailout [...] more »
Euro crisis: “Europe will be lucky if it ends up in stagnation like Japan for the next ten years”
Back in Limbo Greece, stage 2 in the 4-stage attempt to form a government with a parliamentary majority ends without agreement – as the BBC notes Mr Tsipras said he had failed to reach agreement with mainstream parties because of his insistence on rejecting austerity measures demanded by the EU and IMF as part of a [...] more »
Euro crisis: “Hollande is man of the moment, but Europe’s gaze is firmly fixed on Athens”
As the Irish Times’ Arthur Beesley notes All of this puts Hollande’s push to renegotiate the treaty in the shade. German chancellor Angela Merkel was quick to rebut her new French partner yesterday, but that can be read as the opening gambit. Her staunch ally Nicolas Sarkozy has been deposed. She has no choice but [...] more »
Greece: “Country in Limbo”
Gerry’s analysis notwithstanding, in Greece they’re trying to come to terms with those election results. As the BBC reports Greece’s centre-right leader, Antonis Samaras, has said he cannot form a coalition government, hours after he was given a mandate by the president. His New Democracy, which backed the last EU bailout, emerged as the biggest [...] more »
Hollande wins in France…
According to reported early estimates Socialist Francois Hollande has been elected as France’s new president, early estimates say. He got about 52% of votes in Sunday’s run-off, according to projections based on partial results, against 48% for centre-right incumbent Nicolas Sarkozy. The Guardian’s live-blog will have further updates. As for what it means for the fiscal [...] more »
Euro crisis: April is the cruellest month…
Apart from all the others… And it doesn’t matter how big your umbrella is. BBC Europe editor, Gavin Hewitt, on springtime in Europe What is being exposed is a major flaw with Mrs Merkel’s fiscal pact. It is undemocratic. It ties the hands of future governments – and that, of course, was its intention but [...] more »
Euro crisis: “It is nice to have a big umbrella…”
The Guardian’s Economics blog starts with an interesting observation Those who watched Dominique Strauss-Kahn at the spring meeting of the International Monetary Fund a year ago say he played a blinder. Although he was to leave Washington under a cloud shortly afterwards, DSK impressed with his no-nonsense approach to his fellow Europeans. The IMF‘s managing [...] more »
“At present persons granted an Irish visa are not permitted to use that visa to travel to the UK.”
Not that we didn’t already know that… However, the Northern Ireland Tourism Minister, the DUP’s Arlene Foster, fielded a number of NI Assembly questions back in Feb/March on the issue of the Irish Government’s “Visa Waiver Scheme for nationals of 16 countries who hold a valid visa for entry into the United Kingdom.” Here is [...] more »
Lough Neagh: “It’s not for sale.”
The Northern Ireland Assembly may have picked up the curio Mick noted, and agreed to set up a working group “to explore and pursue actively the potential for a cross-departmental approach to bring Lough Neagh back into public ownership.” But, as the Belfast Telegraph reports, they failed to inform the current owner, Lord Shaftesbury, of their intentions In [...] more »
OFMDFM: “We welcome our friendship with the Peoples Republic of China…”
In the Irish Times, David Adams takes issue with the Northern Ireland First and deputy First Ministers’ “kowtowing last week to a visiting delegation from China”. On Slugger, Patrick focused on some of the propaganda aspects of the visit, and the OFMDFM press releases during the visit should probably be noted at that point. From the Irish Times article [...] more »
Euro crisis: “Barroso absolutely confident that Spain can meet its economic challenges.”
With Spain probably in recession, again, and the cost of its government borrowing topping 6%, again, European Commission president José Manuel Barroso is being ridiculed for his optimistic futuring. As the Guardian’s Eurozone crisis live-blog notes European Commission president José Manuel Barroso has just been quizzed about the eurozone crisis, at a summit on sustainable [...] more »
The Problems of Centralised Government: The Ill-considered Constraints on Economic Recovery in Northern Ireland
Nobody will argue that the United Kingdom is in choppy financial waters. On March 26, the Chartered Institute of Personnel and Development charted the cost of Britain’s recession at a cumulative output loss of £87 billion, or 6% of GDP. All very interesting, but what do cold percentages and unqualified numbers mean for the people [...] more »
Cross border education: lay out all the facts please
Is this form of cross border cooperation actually divisive? Contrast two stories about the SF led Education department’s plan for a survey of 50,000 “border families “ (i.e. families on both sides of the border) on the takeup of school places by children from the other side. Liam Clarke’s story records the objections of DUP’s Mervyn [...] more »
Euro crisis: “The worst, I fear, still lies ahead.”
In a recent column in the FT, Wolfgang Münchau asked an interesting question [free reg req] The markets have concluded that the eurozone crisis has ended. Several politicians said that they, too, believed that the worst was over. Complacency is back. I recall similar utterances in the past. Whenever there is some technical progress – [...] more »
“The last thing the Northern Isles want is to be ruled by Glasgow trade unionists and Edinburgh lawyers…”
At the Guardian’s Scotland Blog, Severin Carrell notes the independently-minded Shetland and Orkney Lib Dem MSPs Tavish Scott and Liam McArthur’s attempt to play Alex Salmond at his own game – with a joint, “at best provocative and, in constitutional terms, at least playful”, submission to the UK government’s consultation on the independence referendum. Short BBC [...] more »
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Books
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The Imperfectionists (Tom Rachman) – an insight into a newspaper that’s maybe not so fictional
‘news’ is often a polite way of saying ‘editor’s whim’ Given the shift from print to online and e-ink, maybe Tom Rachman’s The Imperfectionists was a suitable first first book for me to finish reading on the Kindle. Considering the economic pressures on the newspaper industry, his novel perhaps captures the spirit and soul of [...] read our review »
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Lessons in Cute Hoorism: “Graft was accepted, for you were taking from the British…”
I’ve been catching up on some reading, recently. Most pleasantly surprised by John Drennan’s latest opus from Gill and Macmillan, Cute Hoors and Pious Protestors… It’s early days yet, but I was struck by this paragraph, part of a dissection of Fianna Fail near the beginning: One of the more fatal consequences of our colonial [...] read our review »
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“Unionism Decayed 1997-2007″ by David Vance: book review
I initially wrote this when the book was first published three years ago; whilst certain elements of it now sound dated, its basic premise that the period of 1997-2007 was a period of irreversible decay for Northern Irish Unionism can still be argued as a valid opinion. My own feeling is that it did indeed [...] read our review »
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