Financial experts from the European Commission and IMF will arrive in Dublin today, to continue discussions over a bailout for Irish banks, latter now inextricably tied to our overall country’s present economic greed.
New figures from the Bank for International Settlements have now disclosed that England faces the biggest potential losses from any meltdown in our economy, with British banks having loaned more finance to the this government, it’s consumers and businesses, than any other country in the EU.
The British Chancellor Rt. Hon. George Osborne, MP, part of the old Anglo-Irish aristocracy and heir to the Osborne baronetcy of Ballintaylor, in County Tipperary, has pledged to help Ireland after new figures showed British banks have a £140 billion exposure to our beleaguered nation.
British Chancellor, George Osborne, MP, heir to the baronetcy of Ballintaylor, Co Tipperary
The Chancellor attended crisis talks in Brussels to discuss the growing debt crisis in Ireland with the Royal Bank of Scotland amid the growing fears that an Irish collapse could have a serious knock-on effect in Britain, Mr Osborne said that the Treasury was considering all options for financial aid.
Mr Osborne said:
“We are going to do what we regard as being in the British national interest and Ireland is our closest neighbour, so it is in our national interest that the Irish economy is successful and that the Irish banking system is stable. Britain stands ready to support Ireland on the steps it needs to take to bring about that stability. I won’t speculate on what kind of assistance we might provide. There are options, and we are looking at all of those.”
EU and IMF officials will carry out intensified, short and focused work in the Irish Finance Ministry to study the possible cost of Ireland’s banking crisis.
Senior EU officials confirm that a multi-billion cash injection could be ready within five to eight days following agreed decisions to intervene. The announcement of a bailout would be co-ordinated with a four year Irish austerity programme of public-sector cuts and the possible setting up of a fund which would prop up Irish banks against problems experienced in the future.
Meanwhile yesterday Brian Cowen TD continued to deny that the Irish government was talking about an EU and IMF rescue. Mr Cowen stated: “There has been no question of a negotiation for a bailout. There are no negotiations going on. If there were, the government would be aware of it, and we are not aware of it.”
However, his comments are been totally undermined by other senior financial figures in Europe who all confirmed yesterday, that talks between the two sides about a rescue package had continued throughout the weekend. Belgian finance minister, Didier Reynders, even joked that the basics of the EU bailout had been agreed, “Now that we have the answer, we are just waiting for the question, despite there being no request seeking help from the Irish Government“.
Today, speaking on RTÉ Radio’s News At One, Thurles born Mary Hanafin said a contingency fund, may be one of the options being examined. She said the Government’s aim was to protect the taxpayer and that a resolution would not be at any cost. Hopefully Brian Cowen was watching.
The Minister for Finance Brian Lenihan, earlier today, told the Dáil that if a substantial contingency fund arose following from talks with the IMF and the EU it would be a ‘very desirable outcome‘, however he said they were not at that point yet. He stated “If the Government have been reticent in public comment about contact with our European partners and the International Monetary Fund, it is to protect the taxpayer“.
It seems that this present government is, understandably, not being totally honest with those expected to now ‘carry the can ‘ for their unpardonable failures. A rescue deal will be deeply unpopular with the Irish electorate and any such move to implement a bailout is likely to meet strong resistance from Fianna Fail, hence their adolescent public dishonesty. Our riches-to-rags transformation will be seen as humiliating to their party faithful and most certainly to their electorate as a whole.
One of the dangers we, as a country, now face is that European leaders are likely to demand that Ireland increase its low Corporate Tax rates as the condition of any future bailout agreement. This danger is echoed by Josef Proll, the Austrian finance minister. Our low-tax regime is responsible for pulled in foreign investment from America and other non-European companies, fuelling our growth rates over the past 20 years. European Commission officials, drawing up the terms for any EU bailout, to close off Ireland’s widening budget deficit, will signal that Ireland will have to raise taxes to boost our states future revenues. Since most of any future help will come from a €374billion European Financial Stability Fund, which is funded by Euro countries and the support of all countries will therefore be needed, since part of this aid package will come from a £50 billion EU emergency fund, underwritten by Britain to the value of £7 billion.
Over the coming months we will know if we can keep our National Anthem, our Vertical Tricolour, our President, our totemic use of the Irish Language and hopefully England will be prepared to kill the fatted calf, following our recent secession from the dominion of the British Commonwealth in 1922.
It is with regret, that I report that we as a nation no longer see democracy in action presently here in Ireland, which begs the question; “How can a Government tell us, that we must pay increased taxes for drastically reduced services, when that Government continues to misuse funds in a cynical and contemptuous way?
The blame lies with each and everyone of us, because we wilfully elected, and therefore deserve, our current batch of so called politicians. We, because of our own personal greed, refuse to vote beyond the vision of our own narrow petty interests and even now fail to make current protests in any positive or cohesive manner. In frustration, we throw eggs, cheese and paint at our Minister for Health, which now justifies the government continuing to allow ministers to swan about using fuel guzzling Mercedes Benz, together with garda drivers to ferry them around like rock stars and all in the interests of national security.
We now must begin to envisiage Ireland as a Nation and not a collection of constituencies, yet we now will have a situation that when the by-election for a seat in Donegal falls to the opposition parties, and it will, this puppet government will have its strings pulled by Michael Lowry TD and Jackie Healy-Rae TD, at the expence of the Nation as a whole entity.
If this be democracy then “Cead mile failte romhat, a Shlanathoir”, the Shlanathoir or saviour in this case being the IMF.
Sophie Rhys-Jones wife of Prince Edward visits Upperchurch, Co.Tipperary
Members of the British Royal family and billionaires mixed with local mourners yesterday when the picturesque village of Upperchurch bade farewell to a former close confidant of Princess Margaret.
The late Ned Ryan, from Upperchurch, Co Tipperary, got an emotional send off in his home village from all sections of society including the Countess of Wessex, Sophie Helen Rhys-Jones, wife of Prince Edward who attended on behalf of the British Royal Family. Also in attendance was Joseph Cyril Bamford, (J.C.B) Norma Smurfit, Galen Weston (Brown Thomas), Lord David Linley, son of Princess Margaret, Countess of Snowdon and the 1st Earl of Snowdon and Tipperary All-Ireland winning manager Liam Sheedy.
Armed gardai supported by local officers were keeping a close watch at yesterday’s funeral where security was tight on all approach roads to the Sacred Heart Church in Upperchurch where over 1200 people gathered to pay their last respects to Mr Ned Ryan, latter who during his lifetime returned home to Upperchurch regularly and was in constant contact with family.
Local priest Fr. Loughlin Brennan, a family relative of the deceased, who conducted the funeral ceremony, told the congregation: “Ned did not die alone but with the people he loved most. At 78 years of age, I would have wished him a longer life, but couldn’t have wished him a better life,”
Mr Ryan’s sister-in-law, former teacher Joan Ryan, thanked all who had travelled from near and far including the many distinguished people who had attended to say their last goodbye’s.
A large marquee had been erected in the village for the mourners to gather for refreshments, following the burial and the Countess of Wessex returned to Kinnane’s public house for tea and scones, hosted by Niamh and Siobain Kinnane, before leaving the area by helicopter.
Prince Edward’s wife Sophie Helen Rhys-Jones, as their helicopter passed over Thurles sky’s, was probably unaware that her husband is a direct descendant of Viscount and Lady Thurles through their eldest son, the Duke of Ormond and that Thurles is the home of the present heirs to the British Crown. The Duke of Ormond’s daughter, Elizabeth, married Philip Stanhope, 2nd Earl Chesterfield, and their daughter Elizabeth Stanhope married John Lyon, 4th Earl Strathmore. Six generations later in direct line was the 14th Earl Strathmore whose daughter, Elizabeth Bowes-Lyon married the future King George VI; parents of reigning queen, Her Majesty Elizabeth II and the grandparents of Prince Edward, now seventh in line to the throne.
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Tipperary Institute Student’s Union will present local TD Michael Lowry with a petition of over 500 signatures from students, who are opposing proposed cuts to Higher Education in the December Budget.
Delegates from the local students’ union will present Deputy Lowry with the petition at his constituency office on Abbey Road in Thurles at 2.00pm on Monday November 15th next.
USI is now intensifying its campaign against registration fee hikes and decreases to the student maintenance grant by urging students nationwide to lobby their local TDs ahead of the upcoming Budget.
The vast majority of students from the Institute travelled to Dublin last week for the national protest march organised by the Union of Students in Ireland (USI).
The students of Tipperary Institute refuse to be easy targets in the Budget and are sending a clear message to elected representatives that education is the key to Ireland’s economic recovery.
USI will continue to campaign tirelessly against any cuts to Higher Education, which will mean further devastation to the Irish economy.
Darragh Scott, President of Tipperary Institute, stated:
“The students at Tipperary Institute are strongly opposed to any further increases in the already inflated Registration Fee. If the fee is hiked any more, many students at this college will be forced to abandon education. This petition was drawn up in an attempt to drive home the message that local students just simply cannot afford to pay any more money at the start of each college year. They are already struggling to meet the costs of their third level education in the current recession.”
Gary Redmond, USI President, stated:
“The students of Tipperary Institute are anxious about possible cuts to education in the upcoming Budget. Many local students are highly dependent on the student maintenance grant to cover the costs of going to college. If the Government decide to cut the student maintenance grant, or hike up the registration fee next month, many of these students will have no choice but to drop out of their courses. By presenting Michael Lowry with this petition, we are asking him to support the students of Tipperary, and the students of Ireland, by preserving existing third level education in planning this Budget.”
Regarding the aforementioned Mr Gary Redmond, an image depicting him among members of Ógra Fianna Fail UCD, with Thurles born Mary Hanifin TD, next to a banner encouraging students to ‘VOTE FIANNA FÁIL FOR JOBS’ has now embarrassingly surfaced. Since recent shocking events outside the Department of Finance, and Mr Redmond’s total refusal to condemn claimed assaults made upon his own student membership, serious questions about the true ideology of Mr. Redmond’s sincerity in supporting the student cause, now greatly abound.
Long threatening comes at last folks. From midnight on Monday 15th November 2010, new Garda mobile safety cameras will be in use across Irish roads.
Excessive or inappropriate speeding is no doubt a major factor in road traffic collisions, as are indeed drugs, alcohol and attempts by young men to impress their young lady friends, while in control of a vehicle. Safety cameras will be on the roads all across Ireland where fatal collisions are happening as a result of these inappropriate and unacceptable practises and the locations of these roads can be viewed by clicking on here. Further information on the safety cameras and a limited list of frequently asked questions are also available by clicking here. The sections of roads, indicated on the map, were identified as having a significant proportion of collisions, whereby, in the opinion of the investigating Garda, a safe speed was exceeded.
Garda Commissioner Fachtna Murphy and Minister for Justice Dermot Ahern signed a five-year €65 million contract with the GoSafe consortium to provide the service last November following a lengthy tender process.
The GoSafe consortium is being paid a flat fee to provide the service and there is no provision for commission or bonuses irrespective of how many motorists are caught speeding.
Gardaí use a range of speed detection technology to reduce speed across Irish roads. A reduction in speed will lead to a reduction in the incidence of fatal and serious injuries and will improve road safety for all road-users.
The Gardaí will be working closely with a range of Partner Agencies, including Government Departments, the Road Safety Authority, the National Roads Authority and the community, in order to develop a national culture of safe road use and the map will be updated accordingly.
An Garda Síochána are appealing to all motorists to familiarise themselves with these sections of the road network, (If you have a computer) so do slow down, the life you save could be yours.
A Range Of Partners Working Closely – I Really Wonder Do They?
First allow me to state that I fully support 100%, any initiative, by any body or group of Partners, which will ultimately save lives.
However, let us examine just a small sample of the work done by this partnership, who dictate the speed limit’s on our various roadways;
R639 -Travelling South to Cashel Roundabout
- Knockroe / Moycarkey (N62), correctly marked as dangerous on the garda safety camera map, speed signs allow a driving limit of 100km/h, while, what was the main Dublin to Cork road (R639) prior to the new motor way, stretching from Urlingford to Cashel, which is much wider, is limited to a speed of 80km/h. Are we being forced onto the new motorway for toll purposes?
- The Cashel to Golden Rd (R505) which is narrow with numerous dangerous bends, yes you have guessed it, speed limit 100km/h, or 20km/h faster than R639.
- Fennor Hill, that steep climb southward out of Urlingford on the R639 allows for 100km/h for about 200 metres of roadway and when you get to the clear straight stretch at the top of this steep incline, where drivers can actually observe oncoming traffic, speed is reduced to 80km/h.
- Staying on the R639, travelling south to the roundabout just outside Cashel, the roundabout shows two speed limits signs with two different speed limits indicated, (50km/h and 80km/h, Pic shown above) as was the case on R498 outside the Ragg for over 18 months and latter only recently partially corrected with just one sigh. Travelling from Cashel on this same stretch of the R639 the speed limit is 100km/h, so on this road these new cameras will have a choice of three different speeds with which to impose fines.
- Then of course there is the road to The Heath out of Thurles, which is a mere lane-way in terms of describing roadways. Here we have no speed limit indications at all, thus allowing traffic to travel at 100km/h or the National Speed Limit (62.4 mph).
Someone is going to die or be seriously hurt on the road to The Heath soon, so why not finish this work properly.
With County Councillor, Urban District Councillors, Politicians, National Roads Authority ( NRA ) officials and Gardaí travelling each day along this selected and very small chosen grid of roads, why has nothing been done, in the interests of safety and the law, surely we taxpayers pay you more than enough to note required changes. Obviously the latter individuals are driving with undue care and attention.
Then maybe these cameras are just a further method of obtaining revenues from over taxed motorists, as at €80 per speeding fine, the privatised speed cameras alone could generate roughly €40 million a year. Let’s be logical here, the €65 million spent would have filled in a lot of potholes Minister Ahern, while the banning of those caught speeding for long periods of time would have been cheaper than €65 million to introduce spy cameras, particularly in these recessionary times. Will detailed information from thes cameras be used to track the movements of motorists other than their speeding information?. Can the cars of known drug dealers be tracked for example?.
Meanwhile, are there any strange or confusing road anomalies near you, let us know and we will attempt to educate this Partnership.
The Fine Gael party recently published their plan to fix our current broken system of Government, which has failed the public it is designed to serve.
Entitled ‘Reinventing Government‘, local North Tipperary TD Noel Coonan explained how the policy will protect frontline services and mend our broken economy here in North Tipperary and South Offaly. Reinventing Government will, according to the North Tipperary TD, radically reform Ireland’s public administration and replace outdated practices with a modernised civil and public service.
Deputy Noel Coonan TD
Noel Coonan stated:
“It will make our Government smaller, cheaper and better. This will mean in practice that we end up having fewer politicians, fewer bureaucrats, and much fewer Quangos eating into hard earned taxes. It will also deliver better services, more accountability from those in charge and greater transparency in the way our Government operates. Front line services will be protected in a streamlined, smaller and more cost effective public service that sees waste, duplication and fragmented structures totally eliminated. A revolutionised budgetary process that is open and answerable to full public scrutiny will replace the current outdated, secretive and inefficient system.”
Among some the actions set out in ‘Reinventing Government’ to make Fine Gael’s vision of Government a reality are:
1. The abolishing of over 145 state bodies and companies including the dismantling of the HSE and FAS and their replacement with better, more cost effective alternatives.
2. Saving over €5 billion, or €1 in €10 spent by public bodies, by confronting waste, duplication and inefficiency.
3. Externally recruiting new high level specialists in banking, taxation and macro economic forecasting to improve the Department of Finance’s capacity to deliver on key tasks.
4. At least one third of all appointments at a senior level in the Public Service will be made from outside the current system for a period of five years.
5. All lobbyists will have to be registered with the Standard’s in Public Office Commission and recent restrictions to the Freedom of Information Act will be reversed.
6. We will establish an Independent Fiscal Council to advise Parliament on issues such as borrowing levels, debt reduction and taxation planning. The Fiscal Council will be fully accountable to the Oireachtas Finance Committee.