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Dublin: 10 °C Thursday 23 May, 2013

Troika turned down suggestion of meeting with Oireachtas committee – Noonan

Michael Noonan says he suggested that the Troika meet with an all-party committee, but that the inspectors rejected the idea.

Image: Sasko Lazarov/Photocall Ireland

THE TEAM OF EU and IMF inspectors currently in Dublin turned down an invitation to attend an Oireachtas committee meeting with TDs and Senators from all political parties, it has been revealed.

Michael Noonan told the Dáil that the decision of the Troika not to meet with opposition political parties during this week’s inspection – which breaks with the usual procedure – was the decision of the Troika itself.

Noonan said he understood the Troika’s reluctance to meet with representatives of opposition parties was because they feared their comments could be “misrepresented” in the forthcoming referendum campaign on the Fiscal Compact.

“I suggested that a formula that might suit their concerns would be to meet the finance committee of the house, at which all parties would be represented, and to do it in public session,” Noonan told the Dáil this afternoon.

“They decided that they wouldn’t take up that option. I had no problem if they were to meet [with the opposition],” he said.

Noonan said it was always possible for opposition parties to make written submissions to the Troika on any matter, and suggested that a submission in writing could be more effective than an oral one.

“I’m sure they’ll consider those,” the minister said.

A spokesperson for the ECB had yesterday confirmed the Troika had opted not to meet with opposition politicians during this visit because of the delicate political situation ahead of the Fiscal Compact vote.

The spokesperson said that while it was good to meet with people for talks in general, “now that the referendum issue is there and the timing is in place, it would not be the appropriate thing to do.”

Opposition parties had criticised the Troika’s move as a “retrograde step”.

Read: Troika discouraged from opposition meetings by May referendum, says ECB

Gallery: The troika are back in town

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Comments (52 Comments)

  • Yes the Troika runs Ireland. As a country we should have all our flags at half mast until we regain our sovereignty. Might be big reminder for all who exactly calls the shots.

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  • What a load of BS, this is all cloak and dagger stuff!! If the Fiscal Treaty is such an important event and requires a Yes vote, then lay it out, warts ‘n all!! Let’s debate the Treaty from both sides, instead of scare mongering which is all that is happening to date!! Clearly the Troika has a lot to hide and are reluctant to debate anything in a public forum!!

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  • What puzzles me, is that we haven’t even voted on this fiscal treaty referendum yet, and troika and IMF and ECB are here to do the fiscal treaty, no one has even voted yet, the speech that ECB con artist gave was a load of bull sh… And a flawed speech, something ain’t right about them cancelling their speech, I think VB scared them off from previous speech, their afraid that they will be caught out, this new ECB guy, said on 14 th April that they need our money to bailout their loan banks, I smell a few rats about the place from the other side of Europe. Rita cahill

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  • What utter contempt for democracy from the ‘Troika’, disgusting. This is not acceptable.

    Both for reasons of the deeply flawed concept & dubious worth of the Fiscal Compact & the attitude of the Eurozone authorities, we need to vote NO in the referendum if we want fair respect for the Irish peoples’ interests.

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    • Cease laying in to the troika . They r what they are. The 3 horses pulling the sleigh . Focus instead on the clowns in the dail who took is on the journey and chose the vehicle just to bail out their buddies . Remember one of the hated property developers was Walsh , the saviour of Wexford . Jesus people have little or no memory .

      Reply
    • @ Ivor

      No, the Troika are not ‘..the 3 horses pulling the sleigh…’.

      To use your analogy, they are the 3 fat horses riding on the sleigh whilst we, ordinary citizens, are being forced to pull the sleigh.

      Recall, a number of private businesses & private banks went bankrupt thru’ reckless (but short term +very+ lucrative) lending decisions for what was obviously a massive asset price bubble.

      The central bank (ECB, one of the Troika) knew this was going on but took no action. Instead, rather than allow the banks to go bankrupt, it insisted the citizens of Ireland, who bore no responsibility for the fraud, borrow €billions to bail out the creditors. And at a punitive interest rate. The fiscal drag of these enormous bail out loans, not to mention the €3 billion per year of ‘prinipal’ of the ‘promissary notes’ the ECB also insisted Irish citizens pay, has created much of the enforced ‘austerity’ devastating the domestic economy.

      It should also be realised that the banking & financial elites, as represented by the Troika, created a deeply flawed currency union & a financial sector too large & loaded & interconnected with what Warren Buffet called ‘weapons of financial mass destruction’ to be allowed fail without crashing the entire ‘rea’ economy. Note that most these ‘securitisations’ & financial ‘products’ have no value whatever to the real economy – in fact quite the opposite is true.

      Again, none of this was the responsibility of citizens, rather the EU authorities & elites of the banking & financial sector elites in collusion.

      Nor is any of bail outs or austerity necessary. The ECB is the currency issuer & can provide any amount of funds required debt free to anyone, if it was so mandated.

      I suggest you read Prof William K Black’s “Formula for Fraud” (see link) to get an understanding of the (lack of) ‘integrity’ at work in the financial sector, rather than regurgitating the nonsense of mainstream economics (largely paid by said financial sector) & an ignorant mainstream media who are equally culpable for the mess. You might then yourself ‘cease’ posting stupid analogies.

      http://www.informationclearinghouse.info/article31107.htm

      Unless, of course, you are one of the top few percent whose wealth continues to grow as it declines for the remaining 90+%. In which case, you entirely ‘on message’ for the real interests being served in all this.

      Reply
  • The spokesperson said that while it was good to meet with people for talks in general, “now that the referendum issue is there and the timing is in place, it would not be the appropriate thing to do.”

    You’d think because the referendum is coming up that they’d be willing to engage with politicians (even opposition ones). After all the politicians in question are elected representatives which can not be said about the Troika.

    Now is the perfect time for debate and discussion precisely because there is a referendum coming up.

    Shunning the politicians like that could be described as contempt for elected representatives!

    Reply
  • Of course they would. Listening to their spin doctors on the radio attempting to suggest otherwise is laughable. The party is a state of disarray, they see the writing on the wall, however there is no compromise with FG and their delusional leader. Every person with half a brain, is aware Kenny is taking this country down the toilet, so why continue to play along with this charade.

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  • Disgusting!
    So these truly are our new masters.

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  • What would James Connolly have made of this article, or the Irish Labour Party?

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    • Judging by the Labour Party calling the #lp12 peaceful protests a lock-down, they’ve completely turned around from the Lock-outs Connolly and Larkin instigated.

      Connolly and Larkin would have been outside the Labour Party Conference with us!

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    • Hopefully he would have invited them to have the chairs next to him at the British Firing squad. JC has nothing on common with the self serving scum calling themselves the representatives of Labour. Just like the Greens vanished for being Fianna Fail s bitch , I hope Labour will suffer the same for being Enda s bitch .

      Reply
  • Fagan's 18/04/12 #

    I guess that Michael Martin still has their mobile no’s from when he was helping hand over control of the country to them. He should give them a call, maybe ask for a job for them.

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  • The troika are not answerable to the Irish people. They are a tiny taste of what’s to come if we ratify the fiscal and economic stability treaties

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  • Who pays there hotel bills and expenses ? 

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    • Michael Noonans suggestion was unprofessional and misplaced. What did he hope to achieve?
      Bunch of amateur politicians.
      Wake up to the smell of coffee.
      We are now puppets of the EU.
      Like it or not.

      Reply
    • EU is middle management now. ECB and the banks are running the show now and what a shit show it is. I want a refund!!!!

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    • ”Troika turned down suggestion of meeting with Oireachtas committee – Noonan”

      Sound like our government(s)
      ” Big Phil Refuses To Meet Priory Hall Residents”
      ”Mary Coughlan Refuses To Meet Michael O’Leary When He Is Trying To Create 800 Jobs In Dublin Airport”
      ” Approx 99% Of Government Members Refuse To Go On Vincent Browne”

      What are they trying to hide???

      It doesn’t get any worse than the truth guys.

      Reply
    • You do Martin

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  • They answer to no one. Not even our elected representatives. Until the Irish people wake up we will continue to be frog marched into the EU dictatorship and we will have no one to blame but ourselves.

    Reply
    • You are not correct.

      We could balance the books in the morning if we wanted to. Cut social welfare in half, reduce public sector wages by 50%.

      Reply
    • Thats the worst case james.
      If it came to choosing ur option or continuing the current course,
      I would choose ur option.
      BTW, it would not be 50%, closer to 30%.
      also private banking debt would be off the books.
      the cost of living would come down.
      Oh, and we would ‘own’ our country again.

      Troika? Partners? Me left nut..

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    • @ joseph: You really think social welfare and the public sector wage bill could be cut by 30% or even 50% and that things would be fine? Cuts and tax increases of €16bn overnight definitely would be fun to endure.

      Reply
    • Fagan's 18/04/12 #

      James that could only be done as part of a mass default by the state and hundreds of thousands of people. It would also only work if everyone in the private sector took large paycuts as well. While I think that a default by the banks in inevitable, what you are calling for would lead to an economic depression.

      Reply
  • So buying a house and settling down should have been the last option , now the government want to tax me for the privilege ! We are all seen as a cash cow for the like ! I bought a house to live in worry free , no rent etc, now ” got to pay HHc , water , and what ever else can be dreamt up , talk of 2.50 euro per thousand of the value of my house , governments are a business , to make money , not to serve the people in the correct way as we are suppose to be! Tax yes, but used correctly and wisely ! Wastefulness , bureauocracy , cronyism , and a host of other ism s ! What’s happened to our rights as free men and women? Why sign away our rights to exist as such!
    Water , air and right of life should be adhered too , I refuse to sign up to such a deal, cut their huge salaries, slash the quangos, slash the huge councils etc and treat the people with respect , may be then and only then ,I may pay.

    Reply
  • mart_n 18/04/12 #

    Laughable really. They’re worried that their words will be misinterpreted or misrepresented over the course of the treaty campaign? And refusing to engage with opposition parties at all.. how the hell is that to be interpreted?

    Blaggards the lot of ‘em

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  • I believe that decision not to meet the Oireachtas committe is quite telling , and it would appear that they are now calling the shots already .More so than before . Fiscal treaty …..NO NO NO NO NO NO NO NO NO NO ………..

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  • Stick the fookers on a ryanair flight on the way home. That will show them hospitality. Goes to show our own goverment and TD’s are not worth their salt. The IMF is a political party and they can pull the strings when they want

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  • the next time they come they can ‘inspect’ the tip of my boot #irishrevolution

    Reply
  • jimbo 18/04/12 #

    Chickens fcuk off home.

    Reply
  • ” Give me control of a nation’s money and I care not who makes its laws “ A.M. Rothschild

    Reply
  • Real Irish comments – default on all our debts and responsibilities. Let somebody else pay for us. We elected the government who destroyed our country so we must pay the price for electing them. They in turn promoted loose and less regulation – now we are being regulated by the EU. If we keep electing these corrupt people we will keep paying the price.

    Reply
    • Fagan's 18/04/12 #

      The IMF suggested that we default before they came in. They are in the business of dealing with reality. They looked at the no’s and quickly realized that it is impossible to deal with the amount owed, especially when that scobie Lenihan piled his friends debt in on top of us. The ECB were the ones that stopped us taking the normal business approach, the real world options, the still inevitable.

      Reply
  • They should send them home on a ryanair flight . We now know who pulls the strings. If i was any of them TD’s i would be very embarrased .

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  • Its disgusting…but a very good reason to vote NO in their upcoming hostile takeover bid of Ireland
    These debts are not ours please don’t loose focus on that, they are German, French and UK unsecured debts that they are ensuring we pay, so we should never fly our flag at half mast for them, that’s pure capitulation.
    Am I not correct in saying that Ireland always borrowed money to balance the books prior to this wholesale rape and asset stripping of our country?
    I wager that we could easily borrow enough money to pay for budgets, if we give a good price for the loan any one would finance us including China, so this cashless atms threat is utter bullshit. We also have the pension reserve fund.
    The imf applauded Iceland the other week ffs.
    These guys should be deported from our country simple as that..

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  • Of course they did. They don’t answer to us, we answer to them.

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  • Be very careful on decided votes, a yes or no is better for treaty, too dangerous, letting these people who avoided a speech on referendum treaty, now avoiding to meet up in Oreictas, very strange indeed, what have they got to hide, or are they afraid the truth would reveille, they were well prepared and informed not to speak. Something very wrong here and dodgy, smell the rats,

    Reply
  • These guys are keeping our country going – it is misplaced anger expressed here. The people responsible have ridden off into the sunset. Most of these are Politicians or bankers(regulators or lenders, gamblers). The sooner we direct our anger toward the Pee Flynn, Lowery, Bertie, planners, Ciuncillors( Oisin Quinn) and the rest of the corrupt civil servants like the city manager who bought 28 Priory Hall apartments without inspecting them. All this is why we need the Trioca to sort out our debt. The unions are also responsive for our problems and yet they walk around proud as punch – keep the Trioca here for another 10 years and our children might have a future not like the present generation.

    Reply
  • Mini Buget …..

    Reply

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