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Thread: Wolfgang Schäuble: Ireland Has To Bear The Consequences Of A Wrong-Headed Irish Government Policy

  1. #1

    Default Wolfgang Schäuble: Ireland Has To Bear The Consequences Of A Wrong-Headed Irish Government Policy

    Tom Lyons only repeats the view of Germany's powerful federal minister for finance Wolfgang Schäuble. In a new documentary called "State Secrets and Bank Bailouts" aired last month in Franco-German TV network "arte" Minister Schäuble unambiguously articulates his understanding of the facts that caused the crisis in Ireland as something Ireland itself created – not Luxembourg, not France, not Germany, but Ireland – and it benefited from it for some time.

    In the interview Schäuble concludes that Ireland now has to bear the consequences of its wrong-headed government policy in the past. Or with Richard Bruton words the problems buildup over years of government mismanagement and overspending as a results of exacerbated property fueled funding, where Irish people sold overpriced houses to each other now come home to roost.

    In the interview Stephen Donnelly challenges Schäuble's widely accepted view in Germany for the causes of the crisis in Ireland and he blames primarily the ECB for Ireland's crises. Donnelly claims that it was actually the European Central Bank that held a gun to Ireland's head to force the country into its current predicament. And Donnelly now wants to force the German taxpayer to take on a much larger share of the Irish economic burden and pay more of Irish private and government debt.
    Last edited by YouKnowWhatIMeanLike; 3rd March 2013 at 02:47 PM.

  2. #2
    Politics.ie Member seabhcan's Avatar
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    Gosh, you'd swear there's an election coming up in Germany or something...

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    Politics.ie Member Analyzer's Avatar
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    What a pompous git !!!

    Time for an investigation into who is funding his political party.
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Politics.ie Member Happytolearn's Avatar
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    Never trust a man with a carnivorous animal in his name
    I'm a better man now than I was that day

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    Politics.ie Member RobertW's Avatar
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    It wasn't "Ireland" but the Galway tent brigade who are responsible - FF, friends of FF (the 180 or so property developers who's loans account for 62 of the 72 billion NAMA loan book), idiot bankers like Fingleton, Fitzpartick & Drumm (to name just a few) with a puppet financial regulator.

    Schauble is right in that money found itself flowing in all corners during the false boom.

    Irish banks borrowed it . . . But the taxpayer will pay every cent of it back (and more)

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    Politics.ie Member RobertW's Avatar
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    Quote Originally Posted by seabhcan View Post
    Gosh, you'd swear there's an election coming up in Germany or something...
    Merkel will be re-elected as Chancellor. . If anything Schauble may lose his job.

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    Politics.ie Member stopdoingstuff's Avatar
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    I love how he rejects the idea of publishing who bought which debts and who invested where.
    Faoi mhóid bheith saor

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    Politics.ie Member seabhcan's Avatar
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    Quote Originally Posted by RobertW View Post
    Merkel will be re-elected as Chancellor. . If anything Schauble may lose his job.
    Might explain why Schauble is saying things to the media so. He's trying to keep his job by sounding tough.

  9. #9

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    I think it's fair to say that the country has really been let down by our politicians.

    We badly need a real leader in this country. The flacid showboating of retired teachers is getting old and ruining the futures of our offspring.
    Fianna Fail - The Anti Democratic Party & The Anti Constitutional Party. Traitors of Irishmen and Irishwomen.

  10. #10

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    Quote Originally Posted by stopdoingstuff View Post
    I love how he rejects the idea of publishing who bought which debts and who invested where.
    and Stephen Donnelly could just walk across the road and ask his "constituency" where the money came from for Anglo Irish Bank ...

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