Ireland cannot extend debt deadline, says Commission - The Irish Times - Thu, Oct 21, 2010
This country is no longer being run in the best interests of the Irish people.THE EUROPEAN Commission has rejected calls for the 2014 deadline for getting the Irish public finances under control to be extended by two years.
The chief spokesman for EU economics commissioner Olli Rehn said last night only the European Council could change the 2014 target confirmed recently by the Government.
He was commenting after the Economic and Social Research Institute (ESRI) endorsed the suggestion from the general secretary of the Irish Congress of Trade Unions, David Begg, that the Government should extend to 2016 the period over which it attempts to reduce the deficit.
The institute said it had “grave doubts over the wisdom” of the strategy which aims to reduce most of the deficit by 2014 as it posed a risk of “overkill”.
Mr Rehn’s spokesman, however, pointed out the Government’s policy commitments were made “before its European partners” and could only be changed by agreement with them at a European Council meeting.
“The Irish Government has confirmed as of the end of September its commitment to achieving the 3 per cent per target in 2014,” he said.
It is now being run in the best interests of continental Europe.
They told Spotty that if he voted for Lisbon he would get jobs and growth.
In fact, he is getting European mandated austerity and depression.
No serious economist argues that these cuts by 2014 will restore prosperity.
The aim is no longer to save Ireland. It is to save the Euro.
This is where we are.
Thanks a lot, fellow countrymen.
It wasn't Lisbon, by the way. It was all the treaties before that.
While the UK is free to cut its budget and lower its currency, we are trapped in a monetary hole created by Brussels, and we won't be allowed out of it.
The country is no longer sovereign.
Spotty has opened the whiskey. The rest of you might as well follow suit.
God Bless Ireland. It was a nice place, while it lasted.