Posted on 02/27/2011 9:17:55 AM PST by mojito
Exit polls and early tallies from Ireland's general election heralded political annihilation for Fianna Fail (FF), the party which has ruled Ireland for more than 60 years of the Irish Republic's eight decades of independence.
The unprecedented and historic defeat, Fianna Fail's worst result in 85 years, makes the Irish government the first eurozone administration to be punished by voters in the aftermath of the EU's debt crisis. Voter turn-out was exceptionally high at more than 70 per cent, indicating public anger at the government and the EU.
Late last year, Ireland was forced to accept a £72 billion EU-IMF bailout to cover huge public debts that were ran up to save failed Irish banks.
The bail-out was designed to prevent financial contagion that threatened the existence of the euro, but according to economic forecasts, the cost of servicing Irish bank debt and the EU-IMF bank loans will consume 85 per cent of Ireland's income tax revenue by 2012, a burden that a majority of voters find intolerable.
Brian Cowen, the Irish Prime Minister and Fianna Fail leader, who stood down last month rather than face furious voters, was also pressured into implementing a savage £13billion austerity programme of tax rises and spending cuts drawn up by the EU.
(Excerpt) Read more at telegraph.co.uk ...
“”It's an agreement between the EU and the Republic of Ireland, it's not an agreement between an institution and a particular government,” said a Brussels spokesman.
A European diplomat, from a large eurozone country, told The Sunday Telegraph that “the more the Irish make a big deal about renegotiation in public, the more attitudes will harden”.
“It is not even take it or leave it. It's done. Ireland's only role in this now is to implement the programme agreed with the EU, IMF and European Central Bank. Irish voters are not a party in this process, whatever they have been told,” said the diplomat.”
This spells big trouble. If I recall, the Irish weren't too keen on taking orders from London. I don't imagine they'll be any more enthusiastic when those orders are coming from Belgium.
Obama is supposed to go to Ireland in May. Hmmmmm??????
The EU was forced upon many people who did not want it.
In reality, it is just another FAILED SOCIALIST SYSTEM.
This should surprise nobody.
I hope they pull an Iceland and tell the bankers to F off.
The collapse of the PIGGs and the impending Muslim violence were obvious events that have been forecast for decades. There is no way to head those things off.
As a condition of joining the EU Ireland was forced to raise taxes.
Another of life’s little lessons!
Voters don't matter anymore. The bureaucrats control everything. Welcome to the modern "democracy", coming soon to the USA (if not already here).
Yeah, it’s here (in the US) already. Being a small business owner, trust me... it’s here.
On my trip to Ireland most of the citizenry looked at me like I had 2 heads for saying that I owned a business, and would move to Ireland if I could still run my own business. The thought of capitalist notions is completely alien to them.
Again, not all - but everyone (yes... everyone) I spoke to out there thinks Government needs to take control of their lives. They “want jobs” but think that capitalists are the spawn of Satan.
The new Irish premier will also be warned that there is no question of forcing privately-owned financial institutions to assume Ireland’s £85 billion bank debts because the resulting market panic would spread to Germany and France, tearing the euro single currency apart.
As Irish voters headed for the polling booths on Friday, the European Commission bluntly declared that the terms of the EU-IMF bailout “must be applied” whatever the will of Ireland’s people or regardless of any change of government.
“It’s an agreement between the EU and the Republic of Ireland, it’s not an agreement between an institution and a particular government,” said a Brussels spokesman.
A European diplomat, from a large eurozone country, told The Sunday Telegraph that “the more the Irish make a big deal about renegotiation in public, the more attitudes will harden”.
“It is not even take it or leave it. It’s done. Ireland’s only role in this now is to implement the programme agreed with the EU, IMF and European Central Bank. Irish voters are not a party in this process, whatever they have been told,” said the diplomat.
THESE People are arrogant. To think that they can tell a sovereign nation what to DO?
Yeah, poke the Irish in the eye...
Ping.
If I recall, the Irish weren’t too keen on taking orders from London. I don’t imagine they’ll be any more enthusiastic when those orders are coming from Belgium.
Yep!
I hope they stick it to the EU. Ireland voted no to being in the EU. The EU came back and said - no you got it wrong help by the evil media/TV just like here in Obama America with Obama TV.
So the Irish got a second chance to vote correctly and they magically voted for the EU the second time. Ireland should follow the Icelandic model.
Bankersters, bond holders, SLIMY credit rating agencies - if you screw up it is your problem. Let em fail. Let the credit rating agencies get sued.
It nips moral hazard in the bud very quickly.
ping
Seems like it. And more for the Irish than for Europe.
It is never too late to tell the EU to go f itself thus freeing the Irish people from this onerous debt burden due to Irish banks. Irish banks are private institutions that failed. The Irish people should copy the Icelandics who refused to be put on the hook for what some scummy coked up banksters did
Check out my post #17. I said the same that the Irish should copy the Icelandic people and refuse to be taxed by the EU for what their crazy banksters did
Let's just say the lead Russkie got his a** burned (literally). I'm looking forward to seeing what kind of reception the next flight out of Brussels gets when it lands at Dublin International.
Bureaucrats helped by their partners the newsmedia and TV - ALL of it.
About the only non-biased or less biased source I have seen is the UK Telegraph owned by the Barclay brothers who are self-made men, Catholics and not part of the Davos, CFR, Bilderberger gang.
Fox/Sky News/Murdoch/Al Waleed? LOL! They are only slightly better than the other vermin.
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