The Anti-Greece
Why Dublin isn’t burning like Athens.
Και βέβαια όλοι γνωρίζουμε τις ευθύνες αυτής της χώρας όπου πολλοί λειτουργοί και κρατικοί υπάλληλοι αντί να ευχαριστούν την τύχη τους που είχαν την ασφάλεια του δημοσίου, κοιτούσαν ΚΑΘΗΜΕΡΙΝΑ να απομυζήσουν ότι μπορούσαν από τον μόχθο του Ελληνικού λαού. Θησαύρισαν αυτοί, πλούτισαν οι Γερμανοί τροφοδότες τους και τώρα η χώρα είναι ένα έρμαιο στις ορέξεις των διεθνών τοκογλύφων, που να το θυμηθείτε, δεν είναι μόνο οικονομικές…
Από αυτές τις απλές αλήθειες μέχρι τον χλευασμό και τη λογοκρισία των διεθνών ΜΜ”Ε”, υπάρχει μεγάλη διαφορά. Δείτε λοιπόν το άρθρο του Newsweek και το σχόλιο του φίλου και συνεργάτη μας Κ.Σ. το οποίο του το απέρριψαν αρκετές φορές. Κρίνετε μόνοι σας την σκοπιμότητα (το σχόλιο στο τέλος)
By rights, the markets should hate Ireland. Just look at the record. Not so long ago the country was Europe’s economic pacesetter, held up as an example of how a small, open, export-driven economy with a flexible labor force could compete in the world market. But the praise was premature. A wild lending-and-spending binge ended with a burst housing bubble and the near collapse of its banks. By last year, Ireland, the one-time Celtic Tiger, was being lumped in with the Southern European nations of Portugal, Italy, and Greece as one of the “PIIGs”—a group of big-time losers whose feckless behavior threatened the future of the entire euro zone.
But while its fellow swine are still mired in muck, the Irish, by contrast, now look set to escape the sty. As Greek bonds drew global headlines for tanking last week, Irish 10-year bonds remained a popular choice, in part because of Ireland’s serious efforts to get its deficit under control. Last month the president of the European Central Bank, Jean-Claude Trichet, called Ireland a “role model” for Greece in terms of its readiness to confront “extremely difficult problems.”
Of course, those problems remain. Last year Ireland’s GDP plunged 7.5 percent, the steepest dive in the nation’s history. Unemployment has reached 12.6 percent—2 points higher than in Greece. Emigration, the old Irish scourge, is rising again. The budget deficit stands at 11.7 percent of GDP—a figure barely lower than that of Greece. What’s more, Ireland has some nasty problems that even the Greeks don’t share. The crash left its major banks in need of expensive rescue and the Irish with a level of household debt almost unmatched in Europe.
The difference is that Ireland can offer honesty and the gritty resolve of its coalition government. There’s no Greek-style fudging or finger-pointing at the demons of Anglo-Saxon capitalism. Instead, the Irish have launched an austerity program of startling severity, raising personal taxes and cutting spending. In this year’s budget the welfare bill was slashed by a third. For the entire civil service, whose incomes soared in the boom years, the average pay cut was 7 percent. There’s a public-sector recruitment freeze, and thousands of jobs may disappear. At huge expense to the taxpayer, a new “bad bank” is taking on the most toxic of the commercial banks’ assets. Sheer necessity helps explain Ireland’s urgent response. When the emergency budget passed last year, Ireland was alone on the edge of the abyss.
John Fitzgerald of the Economic and Social Research Institute in Dublin says: “There was a widespread public perception last year that the government had made an appalling mess. Unless action was taken, Ireland would go bust.” Unlike the Greeks, the Irish never believed that the answer lay with a bailout from fellow Europeans. Besides, an already unpopular government had little to lose, especially when there was no imminent election to worry about.
Irish workers have also shown a rare understanding that the country’s plight demands sacrifice. So far, the cuts have been accepted without the serious strikes or even rioting that the threat of belt-tightening often provokes elsewhere in Europe. Under the latest deal with union leaders, public-sector workers will trade a government promise of no further pay cuts for a reform package that includes an overhaul of working practices and limits on industrial action.
Unlike in France or Germany, policymakers in Ireland aren’t looking at the crisis as an excuse to roll back free-market reforms. In general, the Irish blame themselves for their own problems and failures rather than pointing the finger at capitalism itself. Stuart Thomson of British-based Ignis Asset Management says: “There is a greater conviction among the Irish people [than elsewhere] that the credit crunch was an interruption to the Celtic Tiger phenomenon rather than a game changer.” Outsiders looking for a base in Europe are still given the same welcome as before. Foreign investors still enjoy a modest 12.5 percent rate of corporation tax, almost the lowest in Europe.
The first rewards for virtue can already be seen outside the bond markets. The budget gap is no longer widening, and the government reckons that the economy will start growing again later this year, hitting 4 percent between 2011 and 2014. At the same time, falling wages and rents mean Ireland is pricing itself more competitively in the international market. The latest figures show a trade surplus of more than €38 billion last year. Ireland remains a popular choice with U.S. investors, critical to a country that depends on the subsidiaries of U.S. multinationals for approximately 35 percent of its corporate tax revenues. Some pigs, it seems, can fly.
Εδώ το λογοκεκριμένο σχόλιο του φίλου και συνεργάτη:
Mr Anti-Greece,
although I’m not certain about whom you are critisized so bitterly in the PIG countries I got the impression that it was the people you were directed against, as it was the entire population behind the planning of the economic policy and not it’s respective goverment.
Of course is true that the goverment is elected by the people’s vote in one democracy and the people are somehow responsible for their goverments acts because they might have known what kind of politicians they voted for.
All well and good so far but, I wonder, what negative(certainly) comments you’ll be “instructed” to write in the hypothetical case of one honest, incorruptible patriotic goverment would, sometime, appear in one of the PIG countries since you are so bitter with this pro-capitalist corrupt one’s which your own country encouraged and even supported to came in power as well as every other corrupt goverment in the world?.
You ignore(or pretend to) that the multinationals(Americans and Germans alike) bribed the corrupt politicians in order to accept the agreements that finally indepted the PIG countries?
You also use , in my astonishment, the word “honesty” qualifying high the slavish, voluntary acceptance into submission while rejecting the resistance to the injustice and giving, at the same time, moral lessons to the insubordinate one’s(!). You really believe that the moral issues are your strong?
There is,anyhow, one thing that ,I admit, you maybe are right.
In the capitalist, anglo-saxon, imaginary disneyland you live in the pigs may can fly, but this is not your case because to call you a pig will be an insult for the sympathetic annimals.
P.S.
Did you ever think that while critisizing the corruption you are in fact critisizing the capitalism itself?