Archive | July, 2015

Rabbitte at Rest

9 Jul

Cunning Hired Knaves

Image via http://oireachtasretort.tumblr.com/ Image via http://oireachtasretort.tumblr.com/

I listened to the RTÉ interview with Pat Rabbitte yesterday, dealing with his impending retirement as a public representative come the next election. It reminded me of the one and only time I saw Pat Rabbitte. It was in 2012 and I was walking west along Pearse Street. He, along with various other besuited individuals, was standing outside the Institute of Chartered Accountants, with a glossy brochure about the Labour Party. It was one of the party’s centenary events, and a fitting enough venue. Rabbitte was standing with his snout aloft, slightly apart from the others though listening to them talk, as though he smelled adulation on the breeze, or truffles.

Rabbitte gave his smug sententiousness free rein in the interview with Sean O’Rourke. He poured scorn on Syriza’s “magical thinking” and chided O’Rourke, when the latter challenged him on the recent cuts to lone parent payments, as…

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Why we recommend a NO in the referendum – in 6 short bullet points

1 Jul

Yanis Varoufakis

  1. Negotiations have stalled because Greece’s creditors (a) refused to reduce our un-payable public debt and (b) insisted that it should be repaid ‘parametrically’ by the weakest members of our society, their children and their grandchildren
  2. The IMF, the United States’ government, many other governments around the globe, and most independent economists believe — along with us — that the debt must be restructured.
  3. The Eurogroup had previously (November 2012) conceded that the debt ought to be restructured but is refusing to commit to a debt restructure
  4. Since the announcement of the referendum, official Europe has sent signals that they are ready to discuss debt restructuring. These signals show that official Europe too would vote NO on its own ‘final’ offer.
  5. Greece will stay in the euro.  Deposits in Greece’s banks are safe.  Creditors have chosen the strategy of blackmail based on bank closures. The current impasse is due to this…

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