No Way, Jose EUROPEAN Commission [...]; LET TERS

Daily Mail (London), March 10, 2014 | Go to article overview

No Way, Jose EUROPEAN Commission [...]; LET TERS


No way, Jose EUROPEAN Commission President Jose Manuel Barroso proclaimed 2013 'a good year for Ireland' as he was granted an honorary doctorate by UCC, one of Ireland's oldest and most respected institutes of learning.

It reverted to the old Irish practice of forelock-tugging to our masters: 'A successful exit from the economic assistance programme,' continued Mr Barroso, without a touch of irony, and then in the final blow, 'and you had precious solidarity and financial support from the European Union and its member states.' When you're already one of the smallest and weakest in a group, when you're down and in trouble, a friend doesn't take advantage of your weakness, doesn't force you to accept the debts of others as a condition for coming to your aid.

Yet, that was the kind of 'solidarity' we received from the EU/EC/ ECB.

The 'financial support'? Mr Barroso says: 'I personally made the case to other European leaders for lower interest rates and longer maturities on Ireland's loans.' Ah yes, extend and pretend - how much debt write-off have we had? Not a cent; rather, we have had the entire losses of the institutional investors/gamblers in the then private Irish banks imposed on us. …

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