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THE VINTNERS’ FEDERATION of Ireland (VFI) is in the planning stages of a pilot initiative for Cork and Kerry which will encourage parents to bring their teenagers to the pub with them.
The organisation said that the scheme aims to promote mature drinking for young adults.
“Up until now alcohol and health campaigns have focused on encouraging young people not to drink with no alternative offered,” it said in a statement.
“It is clear that the vast majority of young people do drink and this campaign aims to promote a sensible and measured approach to alcohol consumption in a controlled environment.”
Although the details are yet to be confirmed, it is envisaged that a series of events will be planned across the two pilot counties where parents and their adult children will attend and enjoy alcohol “in a sensible manner”.
Cork and Kerry were selected as the pilot counties as there was initial interest from publicans in the area for a scheme like this and the VFI are now in the process of signing up participating publicans.
The scheme is expected to be officially launched later this month.
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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.
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.
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