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CELEBRATED IRISH AUTHOR Edna O’Brien has been appointed a Dame of the British Empire for her services to literature.
O’Brien, a prolific novelist, playwright, poet and short story writer from Co Clare, has won numerous awards for her writing, including the European Prize for Literature and the Frank O’Connor International Short Story Award.
O’Brien described the latest honour as “very gratifying.”
It unites me in some etheric way to readers I don’t know and is an incentive, at 88, to keep going.
Today, she was made Dame Commander of the Most Excellent Order of the British Empire – the second-highest rank in Britain’s honour system. The honour is awarded to those who have made contributions to the arts and scientists or contributed to charitable organisations.
Stephen Page, the CEO of O’Brien’s publisher, Faber & Faber, said that O’Brien’s “international reputation and readerships stand as a testament to her importance and originality.”
O’Brien, now 88, has lived in London since the 1950s. However, as an Irish citizen, her title will be an honorary one.
Her debut novel, The Country Girls, was published in 1962, and won the Kingsley Amis Award. It tells the story of a young woman navigating a repressive Irish society after World War II. The book was banned by the Irish censor and a few burned at the request of a Limerick parish priest.
O’Brien has continued to court controversial topics, with her 1994 book House of Splendid Isolation focused on a terrorist who goes on the run and Down by the River, published in 1996, telling the story of an underage rape victim who sought an abortion in England.
Her memoir, County Girl, was published in 2012.
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This is getting way too complicated for me! I quit!!
It’s simple, they screw us and we take it
Its simple – the idea of 17 different nations all having the same currency is daft
You cannot have ONE currency and 17 FINANCE MINISTERS!
Mmmm its begining to look an awful lot like Declan Ganleys proposal to federalise the EU debts using the ESM as the vehicle to facilitate this.
Correct Sean. Also looking an awful lot like Ganley was right when he said there would be no money left in the ESM by the time Ireland required the second bailout.
I don’t agree Sean. The fact that knowing that the EFSF and ESM will be able to intervene and buy bonds directly will probably push the yield down even without them actually having to do anything. That will make it possible for countries to actually use the markets instead of the bailout mechanisms.
If you look at the recent short-term Spanish bond issue it was actually oversubscribed from buyers. Yes, Spain paid a premium because the markets knew that they have no other choice currently but to pay that price. If however the Spanish can simply turn to the EFSF/ESM and sell their bonds to them at a lower yield then the markets will ultimately have to follow because they have to buy and sell bonds to make any money. There the markets will offer the lower rates and the EFSF/ESM won’t actually have to do anything.
@ Jim Walsh
Your analysis is somewhat skewed.
Firstly EFSF and ESM do not have the €750 billion being brandied about, this is an imaginary figure because they are just sums that have been promised by EZ member countries including Italy and Spain! Where is it going to come from if it is actually needed?
Secondly, you sound very simplistic when you assume that the markets will offer lower rates because of (a non existent fund?). That is precisely what was expected when we had this phony €100 billion bailout for Spanish banks 2 weeks ago, rather the markets rightly saw through the charade and the Spanish bond rates has not reduced but topped 7% this week .
By the time the markets see that this an unholy cross between a sham and scam- it will all start again.
Jim. 750bn is nowhere near enough to bailout Spain and Italy. It will not solve the crisis only buy more time.
Not at all… Italy payed 20% of Spain’s bailout at an interest of 3% … To pay this Italy borrowed from the ESM at 7% … Basically it has put both countries over the edge and now Italy’s closer to boiling…. European union fail…..
This is just a precursor to the American dept crisis… The real crash the dollar bust
750bn would be enough to bailout Spain for this year, but not Spain and Italy.
Spanish banks borrow over 300bn a month from the ECB, and have 3 trn in debt.
This is a big step forward but a long way from resolving it. Look at how Greece has nearly swallowed half of that 750 already and it is only 1/14 the size of these two and its banks and private sector have low debt, as opposed to Spain/
Italy did not borrow from the ESM at 7% – they borrowed on the open markets at 7%
The whole thing is going to burst in 3 years time
What date?
I predict this will go ahead and the morning headline will be ‘costs drop on borrowing’ followed by an evening headline of ‘costs rise after morning rest-bite, markets unconvinced’. Whatever they do the markets keep coming back at us harder, we really are slaves to the markets.
We are slaves to the market but it is a point as well, that half gestures like this, can’t be expected to solve anything.
The crisis is because of the euro. You cannot have a monetary union without a fiscal union. And you cannot have a fiscal union without political union.
The parliaments of Europe will never agree to political union
They will also never agree to fiscal union. The principle power a parliament has is control over the finances. They will never hand over this power to Brussels
The euro crisis could be over in the morning if the ECB was allowed to buy up sovereign debt. But Dr Merkel will not give them that power. She will only give them that power when there is a fiscal union. And a full fiscal union, if there ever is one, could take years
For example the Bank of England has bought up a THIRD of UK sovereign debt. That is why Britains yields or interest rates are down at 1.5%. If Spain had its own central bank, it could mop up all their govt debt and have the same low yields
The markets ate sure to look for a way to exploit this if it becomes reality. Is it possible?
The question is will it become reality? All 17 countries will have to agree to this scheme. Will the triple AAA countries agree if they think it will damage their ratings?
Sorry that last comment should have been directed at Too Trueleft and not Sean.
That piggy bank is looking awfully small right now.
*sorry not directed at you. General comment.
have your say