Noonan's role reversal redefines 'bargaining'
While Noonan & co are happily ticking boxes on the Troika documents, austerity is strangling the country, writes Brendan O'Connor
Published 23/10/2011 | 05:00
It has become clear to everyone now that Enda Kenny is really only interested in being the bearer of good news, and that he avoids dirtying his hands with the harsher realities of life.
Now it seems to be spreading to the rest of his Government. As the shock of 1,000 jobs to be lost in Aviva sunk in last week, Michael Noonan and Brendan Howlin were doing a lap of honour to tell us all how great they were for pleasing the Troika -- "Look at us. We're so good at not having our sovereignty!" As if the Troika were ever going to pick a fight with us, the only country that gives bailouts a good reputation. Let's face it. Right now, the Troika needs us as much as we need them.
Right now Greece is teetering on the verge of what some say could be civil war. The Greeks continue to fail to meet their targets, yet everyone continues to find ways to make sure they get the money they need. Half of Europe is now looking like it will need its banks bailed out, just as we did -- though, unlike our bailout, which we are paying for, it seems European banks will be paid for by the European taxpayer and not the individual countries.