High Noon wrote:
So your point is that the ECB should have saved us from our own stupidity and therefore they're somehow responsible?
I'd have thought that that's the ECB's purpose. Why else give it a mandate to regulate banks?
I don't think you have thought through the real-life regulatory challenge. Are you suggesting that back in 2003-2007, the ECB could have stepped in roughshod over our 'sovereignty' ( sick:) and told us to stop behaving like sleeveen short-sighted nasty children let loose in a sweet-shop? - Sure listen to the likes of many on here even now, when the sweet-shop is destroyed, all the children are sick and vomiting and their parents (the more mature EU nations) are now being faced with severe responsibilities and consequences as a result.It has been laid down in the EU treaties since 1992 that action cannot be taken at central European level (except in the areas that fall within its exclusive competence), unless it is more effective than action taken at national, regional or local level.
Thus, all they could do was advise us. And they did. Repeatedly. What was OUR response? It was to sneer at them. Laugh at the advice and sure weren't we the best little country ever, going to show the whole world how it was done.
Our newspapers applauded and our population voted them in again, and again, and again. That is how Schauble thinks that the Irish people are collectively responsible for this.
No, not everyone 'partied', but practically everyone
went quietly about their day to day business, taking the pay increases, while naive FTBs were being shaken down for their whole life's productive effort and being housed in dismal chicken runs in return etc etc. There was no real engagement in politics or the life of the country until one's own little stash and livelihood was threatened. We are seemingly a democracy, and the people spoke at the polls, in the newspapers and media, through the institutions in this country, and through their voting every four years for more of the same...
Schauble is merely talking about responsibility. But we have the usual reaction. Me-feinism and childish short-sightedness and blaming of others...
EDIT - what Irish institution of all our institutions can stand up and say, we were not one of these irresponsible sleeveen short-sighted nasty children let loose in a sweet-shop... Or even to put it in straighter terms, who acknowledged the immorality of what the whole country was engaged in - Living off the future work of their children...
Our political institutions?
Our banking and financial institutions?
Our engineering and architectural institutions?
Our business bodies, associations and institutions?
Our golf clubs and other sporting societies?
Our civil service and semi-state bodies and institutions?
Our educational institutions?
Our media institutions?
Not one... but people would have had some 'adult' EU entity step in and tell all of the above how to behave? Get real and fuck off.