German Ambassador to Ireland Allegedly Patronising Pat - Poor Thing - Kenny

[YouKnowWhatIMeanLike]

Fat Kenny felt that Eckhard Lubkemeier was patronising him (and in extension all people in Ireland) today with what the ambassador said on the morning show and the speech he gave at TCD on Wednesday.

I had a look at the speech and found the following claims made by Lubkemeier to describe the reasons for the current eurozone crises

1. Large Private and Public Sector debt

2. Large Trade imbalances in the EU

3. Too-big-and-too-interconnected-to-fail-syndrome or short systemic risk.

Lubkemeier goes on and identifies the US of A as the origin for the global financial crises and emphasizes that the US is an "optimum currency area". And that even in such a optimum currency area the crises could not be prevented or confined.

Lubkemeier claims that not the currency area was to blame but policy failures that were inspired by a freemarket ideology. He continues to cite The Economist "The cause of today’s crunch – the buying of property at inflated prices in the hope that some greater fool will take it off your hands." Now here Lubkemeier starts to almost sound like Joe Higgins or Mary Lou McDonald.

I don't know Fat Kenny more and more just resembles a grumpy old man, no analysis, no synthesis just straight forward rumbling. That's what we are paying Fat Kenny €500,000+ every year for? I wish Pat would stop claiming to speak in my name at his radio program.

You could easily and sure well accuse Lubkemeier of creative and wishful thinking if he proclaims that "recent opinion polls have shown that two out of three Germans believe in the future of the Euro." Lubkemeier is a blind europhile illusionist and that's what Fat Kenny could certainly critzise. But it seems Lubkemeier knows that sure well himself already.

[Clanrickard]

I had a look at the speech and found the following claims made by Lubkemeier to describe the reasons for the current eurozone crises

2. Large Trade imbalances in the EU
.

Blame the US is lazy thinking. Point two above is interesting. Commentators in the US refer to Chermany as a short hand for countries that export like mad but refuse to stimulate their own domestic market to suck in imports and help lift others out of recession. The US did this for the last decade on the back of cheap credit. Credit is still cheap so China and Germany need to play their part by importing more.

[Des Quirell]

That's so edgy, the way you keep calling him "Fat Kenny".

I laughed so hard that my lower intestine has completely prolapsed and is dangling bloodily by my leg.

[Edo]

Its Outrageous!

Im totally outraged I am!

the temerity of it all - outrageous!

Feckin foreigners and media types patronising me!! - dont they know who I am????




outraged thread for easily slighted number 10 today!

[Gimpanzee]

Fat Kenny

Why? Is that supposed to be funny?

[YouKnowWhatIMeanLike]

Why? Is that supposed to be funny?

no factual and in the economics thread monkey

[Ulster-Lad]

Is that the same USA that has been keeping Europe solvent?

[Mitsui2]

That's so edgy, the way you keep calling him "Fat Kenny".

I laughed so hard that my lower intestine has completely prolapsed and is dangling bloodily by my leg.

I'd have that checked if I were you, Des. It doesn't sound healthy!

[YouKnowWhatIMeanLike]

no factual and in the economics thread monkey

sorry ape

[YouKnowWhatIMeanLike]

Why? Is that supposed to be funny?

I actually prefer Fat Overpaid Kenny.