ECB's Trichet "No Comment" on Irish Renegotiation
A reporter from the Irish Times, asked as a follow-up question, what the ECB position would be if the Irish people elected a government this month, with a mandate to re-negotiate the bail out as imposed by the EU/IMF, Jean Claude Trichet replied at 1502 CET today - "No Comment"
The essence of the EU crisis is that sovereign nations elect governments which have the right to consider themselves free of contraints imposed by their predecessors, particularly if any re-negotiations of past commitments have been clearly placed before the electors and they have freely voted on such policies.
As I understand it the only party in Ireland not seeking to re-negotiate the imposed bail out deal after the election are presently Fianna Fail, therefore those countries advancing funds to Ireland are deliberately duping their own taxpayers, among those betraying the trust of those putting them in power must also be Jean Claude Trichet and his colleagues within the ECB!
The essence of the EU crisis is that sovereign nations elect governments which have the right to consider themselves free of contraints imposed by their predecessors, particularly if any re-negotiations of past commitments have been clearly placed before the electors and they have freely voted on such policies.
As I understand it the only party in Ireland not seeking to re-negotiate the imposed bail out deal after the election are presently Fianna Fail, therefore those countries advancing funds to Ireland are deliberately duping their own taxpayers, among those betraying the trust of those putting them in power must also be Jean Claude Trichet and his colleagues within the ECB!
Labels: Ireland's election, Irish default
posted by Martin at 2:17 PM
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