Brian Lenihan blames Euro and Mass immigration for recession

[Hewson]

More distractions, weren't fg and labour calling for a yes as well?

Sure, but it was Bertie's boys who let our public service pay bill run riot. McCreevey, Harney, Cowen and Ahern are the main culprits responsible for a large part of the current financial difficulties. They mismanaged the money, banking regulation, the property fiasco and gave the PS unions pretty much all they asked for.

Managed differently, the hole in our finances would be a fraction of what it is.

They behaved like a bunch of drunks who'd shared a Lottery win

[anewbeginning]

When Ireland needed high interest rates, ie when out economy was over-heating, ECB rates were relatively low.

When Ireland will require low interest rates, which will be for at least a decade in my view, in a couple years ECB rates will be climbing again as the European politicians fight frantically to prevent a new bubble or over-heating in Europe.

While I agree mostly that Ireland is heavily plugged into the EU economy and therefore when Britain, France and Germany rises, Ireland's economy should rise too, Fianna Fail's disastrous incompetance and attempts to destroy the Irish economy means we will be out of step with the rest of Europe for at least a decade to come.

[Gimpanzee]

Ireland voted to join the Euro currency under the Treaty of Maastricht in 1992.
Joining the euro removed the lever of interest rates out of control of the Irish central bank and eventually led to boom and bust.
The ECB is run for the benefit of the big states - Ireland was allowed to hang.
So much for Maastricht!

a) it was the decisions of the Irish government that led to the bust. Claiming that the Eurozone is the problem gave us money too cheaply is laughable. Just imagine for a moment if we had spent that money wisely....

b) we haven't been left to hang - the ECB is underwriting Brian Lenihan's escape plan for the economy. If anyone was so inclined they could find a quote of him saying that we're safe as houses because the Eurozone countries can't afford to let us default on our debts. now that was the uncomfortable truth, not this CFFA operation.

[Lthse]

Sure, but it was Bertie's boys who let our public service pay bill run riot. McCreevey, Harney, Cowen and Ahern are the main culprits responsible for a large part of the current financial difficulties. They mismanaged the money, banking regulation, the property fiasco and gave the PS unions pretty much all they asked for.

Managed differently, the hole in our finances would be a fraction of what it is.

They behaved like a bunch of drunks who'd shared a Lottery win

What would fg and labour have done differently, they are also mass immigration europhile parties? they are also calling for a yes vote along with the people you mentioned.

[Horace Horse]

Exactly. It was the Euro, the Poles, the Fed, the credit crunch, Irish consumers, the banks, the directors, it was everybody's fault...

...except Fianna Fáil.

Does it never occur to thicks like you that it was Fianna Fail who promoted Mass Immigration?

I hope you're happy now!

[Lthse]

1958, only then it was worse (in fairness we didn't have an independent Central Bank).

1984 was no great shakes either.

Oh, the young posters

I'm not a young poster, we've never had the levels of personal debt we have now. The 80s were nothing compared to what we're currently facing.

[Defeated Romanticist]

a) it was the decisions of the Irish government that led to the bust. Claiming that the Eurozone is the problem gave us money too cheaply is laughable. Just imagine for a moment if we had spent that money wisely....

b) we haven't been left to hang - the ECB is underwriting Brian Lenihan's escape plan for the economy. If anyone was so inclined they could find a quote of him saying that we're safe as houses because the Eurozone countries can't afford to let us default on our debts. now that was the uncomfortable truth, not this CFFA operation.

You know nothing about anything.

Exactly. It was the Euro, the Poles, the Fed, the credit crunch, Irish consumers, the banks, the directors, it was everybody's fault...

...except Fianna Fáil.

YES!!!

[Gimpanzee]

You know nothing about anything.

DR, Your parents may not have told you this, but when you were a small child someone opened your head scooped out a bit in the middle and shat in your brain. Why I'm not sure. Maybe you deserved it. But regardless, it has had an undeniable effect on you, and you have my sympathy.

[Lthse]

Perhaps some of you mass immigrationists could explain why professionals from the NAS were not welcome in this country. We have a lot of nurses and doctors from the Philippines and Somalia on work permits but when we opened our borders the same from the NAS were not recognized. Was there a concerted effort from the various professional organizations to stop them being recognized?

I thought the free movement of people would have brought down doctors fees but that doesn't seem to have happened.

[lostexpectation]

more hand washing, cheap imported labour was an ff policy