Brian M. Lucey

Tag: Fiscal Compact

  • The Irish Economy – Out of one wood, into another?

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    brianmlucey
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    This is a version of my column published in the Irish Examiner 8 Feb 2014. It takes a long time to recover from a banking crisis. If we were unsure of that we need but look around and notice that we still are talking and fretting about ours. Seven years ago Irish bank shares share…

  • Ollie and the Rehnation of the EU….

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    brianmlucey
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    This morning on Morning Ireland there was an interesting interview with Ollie Rehn, the EU commissioner for economic affairs. He dismissed the notion of coordinated austerity as being a problem, dismissed the ruination of the social compact, and generally displayed a chilly technocratic aloofness that shows the paucity of leadership we have now. He even…

  • Holding my Nose and voting Yes

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    brianmlucey
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    This is an expanded and linked verison of a column published in the Irish Examiner Saturday 12 may 2012. http://www.irishexaminer.com/business/a-reluctant-yes-voter-for-vital-access-to-funds-193627.html I have decided, very reluctantly, to vote yes in the upcoming referendum on the fiscal compact. I have previous expressed many many doubts, most of which have remained unanswered. The compact is bad economics, it…

  • The Fiscal Compact and Ireland

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    brianmlucey
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    I was asked to address the Oireachtas Subcommittee on European Affairs on the issue of the Fiscal Compact, and did so this morning (18 May 2012). Below is the briefing note which I forwarded to the members. We were asked to be succinct and to talk for 5 minutes prior to questioning, hence the rather…

  • Euro crisis will require some hard choices to be faced.

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    brianmlucey
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    This is a version of an opinion piece originally published in the Irish Examiner Sat 14 April 2012. See http://www.irishexaminer.com/business/euro-crisis-still-very-much-alive-and-pressing-190499.html. It hasn’t gone away you know? The Euro crisis? Its back, waxing and waning. Italy struggles to raise money at the short end even with significantly increased rates, and there is event talk now of…

  • Eolas: Knowledge is power on the Fiscal Compact

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    brianmlucey
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    The below is a version of an invited opinion piece done for Eolas magazine, an information magazine for senior public officials. The fiscal compact treaty, an intergovernmental but not EU treaty, is in essence a further codification of the existing rules to which countries are supposed to adhere under the Maastricht Treaty. The main elements…

  • The €31b question : answered

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    brianmlucey
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    And the results are in :                         76% of people DO NOT think there will be a meaningful deal on the Prom Notes, 17% DO and 8% dont know what a PromNote is. These may include members of the oireachtas….  

  • the €31b question

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    brianmlucey
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    So another day and more discussion on will we/wont we get a deal on the Anglo Irish Promissory Notes…. What do you think? Here is a short poll, I will leave it open until 1700h today. I define “meaningful” as a deal that will at the very least allow the state to save €1b or…

  • The Fiscal Compact, LTRO and sovereign debt

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    brianmlucey
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    This post is a longer version of an oped published in the Irish Examiner Saturday 3 March 2012 So, another European referendum looms, with all that heat and lack of light that we can expect based on previous referenda. Expect the arguments from the no side over the months ahead, to revolve around septic tanks,…

  • Fiscal Compact Referendum : why I am voting “maybe”….

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    brianmlucey
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    A number of people over the last while asked me how I intend to vote in the forthcoming referendum on the fiscal compact. At the moment  I am firmly in the I don’t know camp. I have previously blogged and written about my concerns regarding the fiscal compact. I think we’re being asked to sign up for…