Glenna Lynch criticism of Treaty

Ozymandius2011

TheJournal.ie is reporting these comments from businesswoman Glenna Lynch, known for her gamechanging challenge to Sean Gallagher on RTE's "Frontline" in last year's Presidential Election campaign:

The Journal wrote:

Businesswoman Glenna Lynch argued that a ‘No’ vote would force Europe to pay more than “democratic lip service” to its citizens.

The Irish Times website adds:

...Dublin businesswoman Glenna Lynch said successive Irish governments had “either lied or misrepresented the realities of our deepening relationship with Europe and every time we approach a referendum we pay the price for that”.

She said this treaty sounded rational in its aim of keeping spending and debts within tight limits. “But the problem is there is nothing in this treaty that would have prevented this crisis nor is there anything in it that would lift us out of the crisis.

“In fact, this effort to homogenise the economic policies of both weak and strong member states is probably going to compound our difficulties into the future,” said Ms Lynch, who came to prominence last year when she asked presidential candidate Seán Gallagher some questions about his business practices during a TV debate.....

I believe this could be highly influential in the closing weeks of the campaign, not least with female voters bearing in mind her clash with Sean Gallagher on "Frontline" and the ensuing controversy when SG questioned her politics the following day. Do you agree or disagree?

beeftotheheels

Ozymandius2011 wrote: »

TheJournal.ie is reporting these comments from businesswoman Glenna Lynch, known for her gamechanging challenge to Sean Gallagher on RTE's "Frontline" in last year's Presidential Election campaign:The Irish Times website adds:I believe this could be highly influential in the closing weeks of the campaign, not least with female voters bearing in mind her clash with Sean Gallagher on "Frontline" and the ensuing controversy when SG questioned her politics the following day. Do you agree or disagree?

As a female voter I couldn't disagree more. It demonstrates the point that while someone may be right on one issue, that does not make them omniscient.

This treaty clearly could have made the bubble less obvious to ignore because we would have been running a structural deficit which would have been in the public domain. Not suggested by one or two ad hoc economists, but reported by a body with a statutory basis for such reporting.

This treaty also would have made it impossible for the Big Boys of Europe to avoid EDP while running deficits, and had they not been able to do so, and had they been forced to reform faster, then ECB interest rates would have been higher during the period of our bubble.

But this treaty is not actually making weak and strong countries play by the same fiscal rules since the six-pack already does that, the rules are already in the six-pack. This treaty is making it more difficult for Germany, France and Italy to ignore the rules.

This is just one, of many, threads trying to rationalize a "no" vote based on a[n intentional, I think at this stage] misinterpretation of both what the treaty does, and more importantly what it does not, do.

RandomName2

Glenna Lynch:But the problem is there is nothing in this treaty that would have prevented this crisis nor is there anything in it that would lift us out of the crisis.

That much is certainly true.

beeftotheheels wrote: »

This treaty clearly could have made the bubble less obvious to ignore because we would have been running a structural deficit which would have been in the public domain.

http://www.tradingeconomics.com/ireland/government-debt-to-gdp

Clearly not.

If one looks at the 'bad boys' of Europe at the moment in terms of public debt, after the bailout countries Germany and France are at the top of the list. Meanwhile, Bulgaria and Slovakia remain the paradigm of sound economic policy. :rolleyes:

http://en.wikipedia.org/wiki/List_of_countries_by_public_debt

Glenna Lynch:This effort to homogenise the economic policies of both weak and strong member states is probably going to compound our difficulties into the future

Requires elaboration

Godge

Eh, who or what is Glenna Lynch?