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Noonan has been operating within the framework of the Troika agreement which he inherited.  Going the Syriza route was never an option for an FG led government (and within the different political environment in the EZ in 2011-2014, and we have yet to see how successful Syriza will be at reducing unemployment.

I suspect they would be quite happy if they achieved in excess of a 1% p.a. reduction in unemployment on a sustained basis, and they are starting from a much higher base of unemployment. Even now, Noonan has gone against EC, ECB, IMF, OECD and the Irish Fiscal council advice in reflating the economy faster than they would like and have actively pressed for.

But no doubt you would have done a much better job with or without a Dail majority.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Feb 12th, 2015 at 01:47:19 PM EST
[ Parent ]
Noonan has been operating within the framework of the Troika agreement which he inherited.
I note that Tsipras refused to inherit a Troika agreement.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Fri Feb 13th, 2015 at 04:33:28 AM EST
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FG, quite the contrary.

We can't complain about the other side doing what the other side does, it is like complaining the wolf eats sheep. Of course the wolf eats sheep, that is what wolves do.

What is a problem is when the shepherd dogs, the ones on our side who are elected to fight for us, but instead of even trying to guard our sheep, assume the prone position when the wolf comes and accepts to take it in the ass instead.

Think PSOE, PS, Pasok, the list goes on.

I personally respect a bit of flexibility on the part of the wolf if it means having a few less sheep eaten, indeed I respect it more than the sexual flexibility of our social democratic friends when they are confronted with said wolf, for this flexibility not just doesn't save any sheep, but because it gives the wolves the idea they can eat to their hearts content indefinitely, gets even more sheep eaten in the future.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Fri Feb 13th, 2015 at 05:38:14 AM EST
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That is nonsense and just an apology for agressors.
by IM on Fri Feb 13th, 2015 at 06:49:25 AM EST
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It is an expression of how things are, or often are, not as we might want them to be, and not an apology for anyone or anything.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Feb 13th, 2015 at 11:11:59 AM EST
[ Parent ]
I note that Tsipras refused to inherit a Troika agreement.

I note that Tsipras was elected in 2015, not 2011, in a country which is generally agreed to be insolvent (whereas Ireland, marginally, was not), where the political climate within the EZ is changing and there is widespread (and not just left-wing) acceptance that austerity is not working and a growing realization that alternative or additional approaches must be taken, and finally, where we do not know yet whether or to what degree he will succeed.

I repeat and amplify my earlier comment that if you offered Tsipras an economic recovery on a par with Ireland's over the past 4 years (yes, despite austerity)  he would probably bite you hand off and he would also probably be re-elected by a grateful electorate in 4 years time - something which may not happen to the Irish Government.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Feb 13th, 2015 at 07:58:00 AM EST
[ Parent ]
Except he wouldn't get it because Greece isn't Ireland.

I keep saying this, and you keep not hearing it: Ireland's economy is fundamentally in reasonable shape: favourable demographics and infrastructure. The achievement of austerity was stopping it growing - its almost certainly made measures like debt/GDP ratios and unemployment much worse than was necessary in a world where the place wasn't being run by econo-religious maniacs.

The Greek economy is fundamentally fucked: poor demographics and crappy infrastructure. All austerity is doing there is killing people.

The fundamental difference is that Ireland spent enough EU money wisely to build an infrastructure to support growth. Greece did not: too much of it ended up being siphoned off by corruption. Obviously lots of EU money was skimmed in Ireland too, but it's the difference between 30% and 60%.

What Ireland needed was enough support to rebuild its banks and tide us over through a rough patch. Instead we got manic cutting that caused a five year depression and what, 16% unemployment at peak?

The excuse that the government were too stupid, too clueless, too craven or too powerless to challenge the maniacs isn't a very good one.

Even now we've ended up paying as much in interest on loans as we spend on education while we're cutting support teachers from vulnerable kids and telling the sick elderly that they're going to have to pay more, faster for nursing home support.

Allowing the economy to take its head out of the bucket of ice you've been holding it in doesn't deserve praise or thanks. Grateful electorate my arse.

Greece needs help to reorient itself and it needs help rooting out corruption and building infrastructure that should have been built over the last twenty years. More austerity will just kill it.

by Colman (colman at eurotrib.com) on Fri Feb 13th, 2015 at 08:27:22 AM EST
[ Parent ]
I don't disagree with any of the above, but that doesn't mean I think Noonan is happy to see mass youth Unemployment in Greece or Spain: merely - as I said in the comment which sparked this exchange - that his focus is understandably on the Irish economy. In fact I doubt his analysis of Greece's problems is all that different from yours, but we are then both into the realm of speculating on what he really thinks, which I don't think is a very productive argument to make.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Feb 13th, 2015 at 11:10:02 AM EST
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I wasn't being condescending, I was stating a fact.

You've just invoked TINA and given Noonan credit for an economy that's recovering in spite of, not because of him.

Even now, Noonan has gone against EC, ECB, IMF, OECD and the Irish Fiscal council advice in reflating the economy faster than they would like and have actively pressed for.

Hanging (an election next year) has a way of concentrating the mind ...

But fundamentally, there's nothing in the standard EU wisdom that Noonan disagrees with - he's already talking about how we can cut taxes for the well off to encourage emigrants to return.

by Colman (colman at eurotrib.com) on Fri Feb 13th, 2015 at 04:45:14 AM EST
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You implied I had been taken in by propaganda.  We may disagree, but let's not disrespect each other.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Feb 13th, 2015 at 07:28:39 AM EST
[ Parent ]

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