Irish Bank Debt Negotiations : The Euro Area summit is 'a game changer' for Ireland

[Captain Con O'Sullivan]

Is he afraid they don't like him? Actually it is more likely he knows there is no point as he'll be disregarded anyway.

[Dr. FIVE]

Remember the election and FG making a hoohaw about Enda being VP of the EPP

[PaddyJoe]

Remember the election and FG making a hoohaw about Enda being VP of the EPP

Kenny was really laying down the law to those pesky Europeans this time last year

First the Pope, now the German Chancellor – Ireland’s Prime Minister Enda Kenny is back on the attack, this time with the most powerful woman in Europe.

Kenny left German chancellor Angela Merkel on the ropes after a lunchtime meeting in Berlin turned into a full scale row over the future of the Euro.

Kenny has also turned down a meeting to discuss the Eurozone crisis with French President Nicolas Sarkozy as it clashes with a gathering to be attended by leaders from Ireland, Britain, Northern Ireland, Wales, Scotland, the Isle of Man, Jersey and Guernsey.

Government officials are now trying to find an alternative date for the French meeting



Read more: http://www.irishcentral.com/news/End...#ixzz29UO3sZOm

[Dr. FIVE]

lol, Stephen Collins has impersonators now?

[Dr. FIVE]

That body language in that photo says it all too.

[DCon]

Is Merkel saying Nein, again?

but Enda said...

[PaddyJoe]

As expected:

A senior German official in Berlin said yesterday that the Irish banks’ problems occurred when they were supposed to be regulated by the Government. “It is simply not on that everyone tries to slip out of their responsibilities that they carried in the past.”

German officials said it was not their problem if Dublin had created expectations – “illusions” they termed them – around the speed at which the banking problem could be resolved and they noted that the June agreement contained no deadline.

Although the leaders will instruct finance ministers to settle criteria to guide any bank recapitalisations by the bailout fund, they will not set any deadline nor will they set parameters for any such deals. A summit communique is silent on whether the fund should take responsibility for historic banking debts. This issue is unlikely to be dealt with at the summit.

http://www.irishtimes.com/newspaper/...325414542.html
So Kenny and Gilmore were creating 'illusions' on a deal, according to German officials? That's pretty much what we assumed on here back in July

[Dr. FIVE]

Only July?

They are going to be sorry. Local elections, zero upturn, zero deal

[DCon]

Not to worry folks. Enda will be hard at work demanding a bank deal

EU leaders are meeting in Brussels today for a 2-day summit aimed at progressing growth and further tackling the eurozone crisis.

It will focus strongly on the growth agenda and the future stability of the monetary untion.

Importantly for Ireland however a discussion about the implementation of a banking supervisor will take centre stage this evening.

It will give Taoiseach Enda Kenny the opportunity to discuss Irish bank debt and the agreement by all States last June to examine the sustainability of the Irish programme.

t will be the 4th time EU leaders have met this year and the 22nd summit held since the crisis erupted in Greece in late 2009.

http://www.newstalk.ie/2012/news/ban...-at-eu-summit/

[DCon]

Dimmy Tooley is raising this with Quinn in the Dail

Quinn says Enda was on the front cover of Time magazine, and other European heads of government "would give their right eye for that kind of recognition"

[Captain Con O'Sullivan]

Theres not much to be proud of in being on the front cover of Corporate Rentboy Monthly.

[EMUII]

Dimmy Tooley is raising this with Quinn in the Dail

Quinn says Enda was on the front cover of Time magazine, and other European heads of government "would give their right eye for that kind of recognition"

I was watching that. I have serious concerns regarding the CC of this Dáil. His microphone was left on when others were speaking and while Quinn was responding to Dooley, you could hear the CC verbally agreeing and guffawing with the FG bench. You could hear him laughing when Quinn mentioned the Frank Sinatra bit....

You would think he would at least try to give the illusion of impartiality by keeping his mouth shut !

[Captain Con O'Sullivan]

The entire Dail is a bunch of expensive eunuchs in any event. The Senate isn't worth mentioning except to ask when it is going to be shut down and that crowd of superannuated expense machines are sent back to their private sector sinecures.

Was the Dail consulted on the bank guarantee? Was the cabinet even consulted on the most disastrous transaction in the state's history?

Come to think of it a harem guarded by eunuchs in the Turkish empire had much more power and authority than the Oireachtas. They at least contributed to the downfall of the Ottoman Empire.

The Oireachtas aren't even picturesque.

[PaddyJoe]

Swedish PM Fredrik Reinfeldt isn't keen on bailing out other people's banks:

Sweden won’t rush to strike an agreement on a European banking union that doesn’t satisfy the Nordic country’s demands, Prime Minister Fredrik Reinfeldt said in an interview today in Bucharest.
A deal needs to include “a full fiscal backstop that lies within the nation state where the bank is active” so that the Swedish state, banks and taxpayers won’t be responsible for covering losses at financial institutions in other European Union countries, he said.

http://www.bloomberg.com/news/2012-1...eldt-says.html

[Captain Con O'Sullivan]

Don't blame them. I hope they and the Dutch blank any such suggestion. They want private debt ringfenced away from their sovereign which is entirely right and proper. Lets hope it takes the Euro down in the end.