Here's another article to help you choke on your breakfast!

dixiefly

http://www.finfacts.ie/irishfinancenews/article_1019945.shtml

No comment needed after yesterday

Charlie McCreevy awarded gold medal; What should be the prize for failure: a wooden nickel?
By Michael Hennigan, Founder and Editor of Finfacts
Jun 17, 2010 - 2:08:24 AM

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Charlie McCreevy

This may seem a joke but former Irish finance minister Charlie McCreevy has been awarded a gold medal. It begs the question as to what should be the prize for failure: a wooden nickel?

On Wednesday in Dublin, less than a week after two official reports were published on the monumental mismanagement of the Irish economy during the Celtic Tiger period, the Irish Exporters' Association awarded a gold medal to McCreevy for his role as an EU commissioner in pushing through the EU Services Directive. The award came weeks after Ryanair's Michael O'Leary recruited McCreevy for the airline's board and being a director of Ireland's best known company will surely bring more handy earners to add to three lavish public pensions.

The Institute of Chartered Accountants in Ireland in 2006 presented its inaugural Lifetime Achievement Award to Charlie McCreevy, a chartered accountant by profession, citing his role as Minister for Finance in presiding over a period of historic prosperity. He was also lauded for always having spoken his mind, while few doubted his candour.


Two years before, McCreevy was voted Ireland's Best Ever Minister for Finance, according to a poll conducted amongst the readers of Finance Magazine. Other former ministers who polled well included Ray MacSharry in second place and Civil War era minister Michael Collins in tenth. In a separate sub-poll carried out amongst the leading Irish financial services economists, McCreevy was also voted as the best finance minister

Damien Kiberd wrote in the Sunday Times in April 2004:"Worryingly, there have been some suggestions that Charlie McCreevy, the finance minister, might relinquish his current post as part of a summer cabinet reshuffle but it would be better for all of us if he stayed where he is. McCreevy is not just a 'safe pair of hands.' He is also tough enough to prevent EU interference with Ireland’s benign corporate and capital tax regimes and simultaneously to resist the growing clamour for government meddling in the finely balanced property sector....Property enthusiasts will claim that we need not fear a meltdown because we have entered a different era, an era of long-term cheap credit. Perhaps. But an adjustment to somewhat higher money rates next year is going to place immense strain on at least part of the house-owning public in this country.

For this reason, we need strong leadership at the Department of Finance. The sort of leadership that will ignore calls from Oireachtas committees, NESC and academic economists for substantial interference in the whole property and construction sector."
Speaking at a press conference in Dublin in September 2009 before the second Lisbon Treaty referendum, Ryanair's Michael O’Leary said if Ireland did not vote Yes, “our economic future will be destroyed by Government and Civil Service mismanagement and the narrow vested interests of the public sector trade unions.” He said he believed a majority of the Irish people was minded to vote Yes this time because of the economic uncertainty. But if the campaign was left to “Brian Cowen, Micheál Martin, and all the other incompetents,” there was a danger it could be lost again.

O’Leary said without Europe and the euro, “the Irish economy would be run by our incompetent politicians, our inept Civil Service and the greedy public sector trade union bosses who, through social partnership, have in recent years destroyed Ireland’s competitiveness, created an epidemic of useless quangos and feathered the nests of the public sector at the expense of ordinary consumers in Ireland.”

This description would have been apt for McCreevy's seven years as Minister for Finance.
Finfacts has given McCreevy a third place rank in the list of individuals and groups responsible for the economic crash.

The two official reports last week said the bust was largely homegrown and yesterday McCreevy told reporters he has not yet read the banking reports but might do so over the summer.

There is a fat chance of that happening.

Despite the human toll, he is in clover with a gilt-edge meal ticket for life as former colleagues Bertie Ahern Mary Harney and others have.

The Sunday Business Post reported last week that during his five years as EU Commissioner he earned more than €1.4m, including a salary of €238,000 and a €35,000 residence allowance.

Upon retirement he receives a €537,000 step down payment over a three year period to ease into the loss of salary. He will receive a €51,000 per year EU Commissioner pension on top of his €70,000 a year ministerial pension and his €52,000 per year TD pension.

His chump change from Ryanair is €32,000 per year.
Let them eat cake!

goat2

dixiefly wrote: »

http://www.finfacts.ie/irishfinancenews/article_1019945.shtml

No comment needed after yesterday

Charlie McCreevy awarded gold medal; What should be the prize for failure: a wooden nickel?
By Michael Hennigan, Founder and Editor of Finfacts
Jun 17, 2010 - 2:08:24 AM

Email this article
Printer friendly page


Charlie McCreevy

This may seem a joke but former Irish finance minister Charlie McCreevy has been awarded a gold medal. It begs the question as to what should be the prize for failure: a wooden nickel?

On Wednesday in Dublin, less than a week after two official reports were published on the monumental mismanagement of the Irish economy during the Celtic Tiger period, the Irish Exporters' Association awarded a gold medal to McCreevy for his role as an EU commissioner in pushing through the EU Services Directive. The award came weeks after Ryanair's Michael O'Leary recruited McCreevy for the airline's board and being a director of Ireland's best known company will surely bring more handy earners to add to three lavish public pensions.

The Institute of Chartered Accountants in Ireland in 2006 presented its inaugural Lifetime Achievement Award to Charlie McCreevy, a chartered accountant by profession, citing his role as Minister for Finance in presiding over a period of historic prosperity. He was also lauded for always having spoken his mind, while few doubted his candour.


Two years before, McCreevy was voted Ireland's Best Ever Minister for Finance, according to a poll conducted amongst the readers of Finance Magazine. Other former ministers who polled well included Ray MacSharry in second place and Civil War era minister Michael Collins in tenth. In a separate sub-poll carried out amongst the leading Irish financial services economists, McCreevy was also voted as the best finance minister

Damien Kiberd wrote in the Sunday Times in April 2004:"Worryingly, there have been some suggestions that Charlie McCreevy, the finance minister, might relinquish his current post as part of a summer cabinet reshuffle but it would be better for all of us if he stayed where he is. McCreevy is not just a 'safe pair of hands.' He is also tough enough to prevent EU interference with Ireland’s benign corporate and capital tax regimes and simultaneously to resist the growing clamour for government meddling in the finely balanced property sector....Property enthusiasts will claim that we need not fear a meltdown because we have entered a different era, an era of long-term cheap credit. Perhaps. But an adjustment to somewhat higher money rates next year is going to place immense strain on at least part of the house-owning public in this country.

For this reason, we need strong leadership at the Department of Finance. The sort of leadership that will ignore calls from Oireachtas committees, NESC and academic economists for substantial interference in the whole property and construction sector."
Speaking at a press conference in Dublin in September 2009 before the second Lisbon Treaty referendum, Ryanair's Michael O’Leary said if Ireland did not vote Yes, “our economic future will be destroyed by Government and Civil Service mismanagement and the narrow vested interests of the public sector trade unions.” He said he believed a majority of the Irish people was minded to vote Yes this time because of the economic uncertainty. But if the campaign was left to “Brian Cowen, Micheál Martin, and all the other incompetents,” there was a danger it could be lost again.

O’Leary said without Europe and the euro, “the Irish economy would be run by our incompetent politicians, our inept Civil Service and the greedy public sector trade union bosses who, through social partnership, have in recent years destroyed Ireland’s competitiveness, created an epidemic of useless quangos and feathered the nests of the public sector at the expense of ordinary consumers in Ireland.”

This description would have been apt for McCreevy's seven years as Minister for Finance.
Finfacts has given McCreevy a third place rank in the list of individuals and groups responsible for the economic crash.

The two official reports last week said the bust was largely homegrown and yesterday McCreevy told reporters he has not yet read the banking reports but might do so over the summer.

There is a fat chance of that happening.

Despite the human toll, he is in clover with a gilt-edge meal ticket for life as former colleagues Bertie Ahern Mary Harney and others have.

The Sunday Business Post reported last week that during his five years as EU Commissioner he earned more than €1.4m, including a salary of €238,000 and a €35,000 residence allowance.

Upon retirement he receives a €537,000 step down payment over a three year period to ease into the loss of salary. He will receive a €51,000 per year EU Commissioner pension on top of his €70,000 a year ministerial pension and his €52,000 per year TD pension.

His chump change from Ryanair is €32,000 per year.
Let them eat cake!

im speechless, shocked, numbed, what next

Mr Benevolent

That article was written nearly four months ago. We've more important things to deal with now. Stop getting distracted from the real problems. Who cares about McCreevy? He's being treated like every other minister.

Few people seem to care about the issues at hand, it's sidetrack this and that. Some irrelevancy about an ex-minister, the public vs private debate... all unimportant at the moment. The EFSF will sort the public sector out, and the social welfare too. And they'll be here in a few months. and I'll welcome them, even if they cut my dole in half.

Make no mistake gentlemen, we're up shit creek without a paddle... or a boat. We are royally screwed, now let's figure out how to get out of it. We can dispense justice at our leisure once things have settled down.

Anybody got any concrete suggestions?

leedsfan88

Confab wrote: »

Anybody got any concrete suggestions?

Lets all go to Canada:D

bernardo mac

Concrete Shoes?

Mr Benevolent

leedsfan88 wrote: »

Lets all go to Canada:D

Best suggestion I've heard for a while.

dixiefly

Confab wrote: »

That article was written nearly four months ago. We've more important things to deal with now. Stop getting distracted from the real problems. Who cares about McCreevy? He's being treated like every other minister.

Few people seem to care about the issues at hand, it's sidetrack this and that. Some irrelevancy about an ex-minister, the public vs private debate... all unimportant at the moment. The EFSF will sort the public sector out, and the social welfare too. And they'll be here in a few months. and I'll welcome them, even if they cut my dole in half.

Make no mistake gentlemen, we're up shit creek without a paddle... or a boat. We are royally screwed, now let's figure out how to get out of it. We can dispense justice at our leisure once things have settled down.

Anybody got any concrete suggestions?

Are you for real????

These are the very issues and reasons why we are where we are today......or are you living in a cocoon?

Amhran Nua

Confab wrote: »

Anybody got any concrete suggestions?

Here.

Mr Benevolent

dixiefly wrote: »

Are you for real????

These are the very issues and reasons why we are where we are today......or are you living in a cocoon?

If someone was having a heart attack in front of you, would you bombard them with questions about why it was happening or would you get them help? The former, I suspect. Fix the problem, them apportion blame. I know it's not the Irish way but it gets the job done.

Scofflaw

This thread hasn't really gone anywhere useful.

moderately,
Scofflaw