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'No-brainer', 'game changer' and 'a dig out of a hole' - why these people want a debt conference

Will the Government change its mind?

THE TECHNICAL GROUP has called on the Government to rethink the prospect of a European Debt Conference.

Group whip Catherine Murphy has tabled a Private Members’ motion calling on Fine Gael and Labour to support such a meeting.

In the document, Murphy and several other independent and Sinn Féin TDs note that the financial crisis “highlighted the deviation from the founding principles and values of the European Union, such as solidarity and mutual respect amongst nations”.

The motion describes Ireland as “a casualty of timing”, adding that the socialisation of private banking debts amounted to “sacrificing the social and economic interests of Irish citizen”.

Speaking at the launch of the motion, Murphy said the country’s debt burden has caused “lack of fiscal expansion and lack of investment” that needs to be addressed.

We have so often heard promises of a ‘game changer’, well here is the opportunity … This is an unprecedented moment whereby we can tackle the debt crisis head on while there is a momentum across Europe to discuss debt and it’s wider issues.

“That the Irish Government have not joined in calls for a European Debt Conference just does not make sense. Surely, if we’ve learned any lessons from the bank guarantee it is that public inclusion and involvement in vital matters that affect their lives is vital. This is a public matter, it is not a private matter for Government and that should be respected.”

TCD Finance Professor Brian Lucey said that a Europe-wide debt conference is “a political, social and economic no-brainer”.

You cannot dig yourself out of a hole. It’s is time to put the moralising aside and start looking at solutions. 

Michael Taft, from Unite trade union, described such a conference as “imperative” as the high level of Irish debt has a “massive impact on the daily lives of citizens”.

The motion will be debated in the Dáil tonight and tomorrow night.

Greece

New Greek prime minister Alexis Tsipras was first to propose the idea.

Both Finance Minister Michael Noonan and Social Protection Minister Joan Burton initially indicated support for the idea, but Enda Kenny was less keen.

The Taosieach told the Dáil that such issues will be debated at Eurogroup and Ecofin meetings by European finance and economic ministers.

Kenny said he wished Tsipras and his government “well in the challenge that they face”.

Yesterday, Tsipras announced that his government would be making proposals for “a menu of debt swaps” that would avoid the need for any of the country’s €315 billion mountain of foreign debt to be written off.

The move would involve the issuing of two new types of bonds. One would be linked to nominal economic growth to refinance European rescue loans, and the other would be “perpetual bonds” that would replace Greek bonds owned by the European Central Bank.

This approach would avoid creditors having to take a ‘haircut’ on the Greek debt, an outcome that is fiercely opposed by several EU countries led by Germany.

Given the painful regime of spending cuts that had to be endured by Irish people, the country will be watching the outcome of any such proposal with great interest.

Additional reporting: AFP

Ireland is the IMF’s star pupil. But that doesn’t mean you’re getting any debt relief

‘Greek people have a very unhealthy relationship when it comes to paying tax’

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58 Comments
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    Mute Ruth McKenna
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    Mar 12th 2017, 7:52 AM

    Can we have a list of names of the ones in Dublin?

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    Mute Brian Ward
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    Mar 12th 2017, 8:20 AM

    They are all on the FSAI website.

    118
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    Mute PVD
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    Mar 12th 2017, 9:40 AM

    Do they publish all the reports positive ones and bad ones ? Any link

    34
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    Mute Anastasia
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    Mar 12th 2017, 8:43 AM

    How about a list please so we can avoid them

    142
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    Mute Leadóg Hackett
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    Mar 12th 2017, 8:26 AM

    I’m going to Belfast for chips. According to the map they’re the bees knees.

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    Mute Daniel Murphy
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    Mar 12th 2017, 9:08 AM

    Mentioning cork in the subheading and not Dublin is very misleading – the author easily dismisses Dublins number 1 spot due to population but not Cork.

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    Mute David Dineen
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    Mar 12th 2017, 9:12 AM

    Big city small problems

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    Mute Jeffrey McMahon
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    Mar 12th 2017, 1:41 PM

    Aye. Dublin has bigger problems than just the most takeaways closing. Like open gang warfare, near daily shootings and a massive drugs problem.

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    Mute mickmc
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    Mar 12th 2017, 10:34 AM

    There is 8 counties not mentioned in that list. Are we to assume everything was hunky dorey in those counties or is it the case the health inspectors in those counties are not doing their job properly.

    48
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    Mute Tweety McTweeter
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    Mar 12th 2017, 10:57 AM

    There’s no food outlets in Leitrim. 4 pubs, a Spar, a petrol station and a church. That’s it.

    122
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    Mute Silent Majority
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    Mar 12th 2017, 11:31 AM

    So far in 2017 on the Fsai site tbese have been closed…. Express Pizza (take away), 6 Lord Edward Street, Limerick Punjab Pantry (take away), 39 Richmond Street South, Dublin 2 Synergy Subs Ltd t/a Subway (restaurant/café), Mellview House, M1 Retail Park, Drogheda, Louth Jalapeno Mexican Cuisine Ltd (restaurant/café), 46 Drumcondra Road Lower, Drumcondra, Dublin 9 Culleton’s Fish & Chips (restaurant/café), Main Street, Bansha, Tipperary Hot Spot (take away), Parnell Street, Limerick Polonez (retailer), 20 Moore Street, Dublin 1 Pacinos Restaurant, 18 Suffolk Street, Dublin 2 Beachview Tandoori (take away), Strand Road, Laytown, Meath Kavanaghs Fine Foods Cork Ltd (service sector) A Chef Kebab Foodstall, At Daltons Pub car park, Fuerty, Roscommon Day to Day (retailer), 54 Georges Street Upper, Dun Laoghaire, Co. Dublin Palak Restaurant, High Street, Tuam, Galway Ali Baba (restaurant/café), Bank Place, Rathkeale, Limerick T/A I&A Organic Gardening and Catering (food processor), 21 Shandon Way, Shandon, Cork Auckley Ltd., The Palace (public house), 17 Ludlow Street, Navan, Meath Largo Foods (manufacturer), Kilbrew, Ashboune, Meath

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    Mute Daniel Murray
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    Mar 12th 2017, 9:35 AM

    And not one in Sligo!

    39
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    Mute Daniel Murray
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    Mar 12th 2017, 10:28 AM

    Ah ya but we have the Wild Atlantic Way… all ye have is Hurling ha ha!

    29
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    Mute David Walls
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    Mar 12th 2017, 11:54 AM

    @Larry Doyle: The inspectors name was Kenneth and they completed their mission. Bad egg I’d say!!

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    Mute Peter
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    Mar 12th 2017, 11:45 AM

    Environmental Health Officers do a great job and follow things through.
    I wish they could enforce a public notice on the front of the premises like in the U.K. A post on here mentioned some law in California which was even better but I can’t recall it.

    35
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    Mute Is mise leanbh mór
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    Mar 12th 2017, 11:34 AM

    Not surprised about The Punjab Pantry.. I was driving down Richmond Street yesterday and i kid you not it is like something out of Damascus. The dirt and smell OMG is like something i have never seen. FILTH. I can only imagine the restaurants/takeaways. Rolled the windows down and quickly rolled them back up. The hum in the air i can still smell it.

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    Mute Anthony Byrne
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    Mar 12th 2017, 5:18 PM

    If the names of the places are already in the public domain, Why not publish them. This article is as good as useless if it doesn’t. I’m no wiser than I was before when it comes to deciding where not to eat. Sorry to be a moan.

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    Mute Jlocoroco
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    Mar 12th 2017, 11:09 AM

    No naming and shaming?

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    Mute Gus Sheridan
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    Mar 12th 2017, 1:10 PM

    Having lived in Roscommon I can believe it.

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    Mute David Cagney
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    Mar 12th 2017, 12:37 PM

    I’d love to see a closure per capita rate – if anyone has the time

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    Mute Phil Keenan
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    Mar 12th 2017, 11:06 AM

    Name and shame please

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    Mute Stíofán Ó Baoill
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    Mar 12th 2017, 3:18 PM

    Best chipper in the country was poison paddy’s in Blackrock village cork , when horse meet was meet and we still gave a few Bob for the black baby’s

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    Mute Helen White
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    Mar 12th 2017, 1:04 PM

    Why not name and shame the offenders? Telling us in which counties they’re located is a pointless and tells us NOTHING.

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    Mute eastsmer #IRExit
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    Mar 12th 2017, 7:22 PM

    Cleanest chipper I have come across recently is Whartons Fish and Chips in Bantry town in County Cork.

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    Mute Emmet O'Keeffe
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    Mar 12th 2017, 9:52 PM

    Is that yourself?

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    Mute Peter Mawhinney
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    Mar 12th 2017, 2:01 PM

    name and shame!

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    Mute heavyhits
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    Mar 12th 2017, 1:30 PM

    What about Moore Street, Dublin?

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    Mute Kim Kendellen
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    Mar 12th 2017, 4:19 PM

    Were in cork are they

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    Mute Helen White
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    Mar 12th 2017, 1:08 PM

    Why not name and shame the offenders? We need to know WHO they are, not just where they are so we can avoid eating at these places. The information is useless otherwise ….

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    Mute Byron D
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    Mar 12th 2017, 1:56 PM

    What was the kip in Wicklow called ? Or Andreas

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