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Thread: Is Michael Noonan a weak link in europe for Ireland?

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    Politics.ie Member sport02's Avatar
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    Default Is Michael Noonan a weak link in europe for Ireland?

    As my thread title suggests, Is Michael Noonan a weak link in europe for Ireland?

    Take for example back at the start of October 2012 when talking about the promissory notes.
    Michael Noonan has expressed his hope that a deal restructuring the government’s promissory note for Anglo Irish Bank could be reached in the coming weeks – a move which he says would make it easier to construct the next Budget.
    “It would help me doing the Budgetary arithmetic if something could be arranged, or a statement of intent could be achieved, before the Budget,” he said.
    Noonan hopeful of deal on Anglo promissory note before Budget

    The budget is next week for goodness sake and as David Murphy RTE's business editor said yesterday there is no movement on such deal, being best boy in the class is leaving Ireland being ignored.

    Now take Greece, Michael Noonan out of the traps saying that Ireland could not benefit from such deal.
    Greek deal 'not applicable' to Ireland - The Irish Times - Mon, Nov 26, 2012

    Yet today Finland, a country known not to be too favourable to the PIIGS, their finance minister said this.
    Fabrizio Goria ‏@FGoria
    Finnish finance minister says sees chance to consider Greece style debt relief for Ireland and Portugal
    Juncker said similar yesterday while EC spokesperson says it is being explored.
    Peter Spiegel ‏@SpiegelPeter
    Will #Ireland & #Portugal get same benefits as #Greece's did in Tues deal? @ECspokesSimon says it's being "explored", but no decisions yet.
    Did Noonan even try get us some better conditions when the Greek deal was being discussed and is he being forceful enough on the PN's issue. We have another tough budget next week and no assistance from europe to speak of on legacy debt or promissory notes.
    Last edited by sport02; 28th November 2012 at 07:34 PM.

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    Politics.ie Member Howya's Avatar
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    Hard to know what is going on - it's possible that Noonan was told to stay quiet after the Greece deal on the basis that Ireland's special case was still being considered and any media pressure would adversely affect a beneficial outcome?
    “Still paying, still to owe. Eternal woe! ” ― Paradise Lost, John Milton

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    Politics.ie Member sport02's Avatar
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    Quote Originally Posted by Howya View Post
    Hard to know what is going on - it's possible that Noonan was told to stay quiet after the Greece deal on the basis that Ireland's special case was still being considered and any media pressure would adversely affect a beneficial outcome?
    There does not seem to be much happening, another tough budget next week that could be made easier to construct according to Noonan if europe aided us on the PN's or atleast with intent, nothing,nada,zilch.

    Pat Kenny pressed the issue of Greece deal and the PN's this morning robustly to Paschal Donaghue but not to much avail.

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    Politics.ie Member Franzoni's Avatar
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    Quote Originally Posted by Howya View Post
    Hard to know what is going on - it's possible that Noonan was told to stay quiet after the Greece deal on the basis that Ireland's special case was still being considered and any media pressure would adversely affect a beneficial outcome?
    Not particularly fond of FG or Noonan but it must be hard to go into negotiations to look for a deal when your prime minister and party leader stands up in the national parliment and says he will pay back every cent and won't look for a deal in the first place..!.......
    What the imagination can't conjure, reality delivers with a shrug

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    Politics.ie Member VHF's Avatar
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    @sport02 - I sense your deep frustrations with the states quo. There are technical issues associated with the swap contracts which present significant challenges for all sovereigns attempting restructuring of contractual T&Cs within bonds. Global CDS contagion will occur if credit events arise. As Buffett termed them: "financial instruments of mass destruction"
    We're screwed - understand the FACTS here

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    Politics.ie Member sport02's Avatar
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    Quote Originally Posted by VHF View Post
    @sport02 - I sense your deep frustrations with the states quo. There are technical issues associated with the swap contracts which present significant challenges for all sovereigns attempting restructuring of contractual T&Cs within bonds. Global CDS contagion will occur if credit events arise. As Buffett termed them: "financial instruments of mass destruction"
    Isn't the PN deal between us the and Irish central back essentially? Why the long laboured discussions between Ireland and the ECB.
    As noted Greece is on its kness and a deal is found quick smart when needed. Well Noonan would like similar before a budget next week for us and nothing.

    I accept legacy debt if it happens is atleast out to 2014 but I am sure many in the government thought part of our bank deal would be done and dusted by Christmas 2012. Europe certainly not helping Noonan or is Noonan not pressing hard enough?

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    Politics.ie Member Howya's Avatar
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    Quote Originally Posted by Franzoni View Post
    Not particularly fond of FG or Noonan but it must be hard to go into negotiations to look for a deal when your prime minister and party leader stands up in the national parliment and says he will pay back every cent and won't look for a deal in the first place..!.......
    Agreed but since when has any politician been held to account for what he has promised
    “Still paying, still to owe. Eternal woe! ” ― Paradise Lost, John Milton

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    Politics.ie Member ticketyboo's Avatar
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    Quote Originally Posted by Howya View Post
    Hard to know what is going on - it's possible that Noonan was told to stay quiet after the Greece deal on the basis that Ireland's special case was still being considered and any media pressure would adversely affect a beneficial outcome?
    That is certainly the spin that is put on it. When they're called on the absence of a deal we'e informed that you don't rock the boat, discussions are going on , negotiations are taking place, we're battling hard behind the scenes.
    I think it's a crock myself, and the negotiating that is being done by Noonan involves being on the receiving end of a thorough prostate exam, but as Christine Keeler said, "I would say that, wouldn't I"?

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    Politics.ie Member stopdoingstuff's Avatar
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    He is no more the weak link than all the mainstream parties who sold us out. FG, FF and Labour are out and out traitors who have been co-opted to put the European interest above the Irish interest. Do these people even believe in our sovereignty any more?
    Last edited by stopdoingstuff; 28th November 2012 at 08:07 PM.

  10. #10
    MrFunkyBoogaloo
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    Quote Originally Posted by sport02 View Post
    As my thread title suggests, Is Michael Noonan a weak link in europe for Ireland?

    Take for example back at the start of October 2012 when talking about the promissory notes.




    Noonan hopeful of deal on Anglo promissory note before Budget

    The budget is next week for goodness sake and as David Murphy RTE's business editor said yesterday there is no movement on such deal, being best boy in the class is leaving Ireland being ignored.

    Now take Greece, Michael Noonan out of the traps saying that Ireland could not benefit from such deal.
    Greek deal 'not applicable' to Ireland - The Irish Times - Mon, Nov 26, 2012

    Yet today Finland, a country known not to be too favourable to the PIIGS, their finance minister said this.
    Fabrizio Goria ‏@FGoria


    Juncker said similar yesterday while EC spokesperson says it is being explored.
    Peter Spiegel ‏@SpiegelPeter


    Did Noonan even try get us some better conditions when the Greek deal was being discussed and is he being forceful enough on the PN's issue. We have another tough budget next week and no assistance from europe to speak of on legacy debt or promissory notes.
    Noonan and the government. 4 Irish TDs are on the EMC and it's the EMC who swan off to Brussels and deal with negotiations.

    Quote Originally Posted by Franzoni View Post
    Not particularly fond of FG or Noonan but it must be hard to go into negotiations to look for a deal when your prime minister and party leader stands up in the national parliment and says he will pay back every cent and won't look for a deal in the first place..!.......
    +1

    Quote Originally Posted by stopdoingstuff View Post
    He is no more the weak link than all the mainstream parties who sold us out. FG, FF and Labour are out and out traitors who have been co-opted to put the European interest about the Irish interest. Do these people even believe in our sovereignty any more?
    +1

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