Where is the EU and our MEPs?

Danno

We are well into this outbreak and I have to say the silence from our MEPs is deafening. Apart from giving €120bln in bonds the EU have done very little to assist member states ravaged by the Covid-19 outbreak... https://www.thetimes.co.uk/article/ecb-provides-extra-120bn-to-help-eurozone-in-coronavirus-crisis-kcfzs962q

I happened to have a look at the social media feeds for my own five MEPs and apart from "retweeting" or "sharing" statements from Harris and the HSE they seem to be doing fook all else.

Mick Wallace for some strange reason seems to be using the outbreak as an opportunity to lambaste the US sanctions on Iran. You'd swear the people of South Iran put him in Brussels instead of Ireland South.

As the overlords of the €uro currency, surely they could be doing ALOT more like implementing massive quantitative easing to help out hammered businesses and workers?

Your thoughts?

Donald Trump

Buying the bonds is quantitative easing FFS.

If you are going to have an oul' moan, figure out what it is you want to moan about first.

Geuze

Danno wrote: »

As the overlords of the €uro currency, surely they could be doing ALOT more like implementing massive quantitative easing to help out hammered businesses and workers?

Your thoughts?

https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200319~11f421e25e.en.html


As a result, the ECB’s Governing Council announced on Wednesday a new Pandemic Emergency Purchase Programme with an envelope of €750 billion until the end of the year, in addition to the €120 billion we decided on 12 March. Together this amounts to 7.3% of euro area GDP. The programme is temporary and designed to address the unprecedented situation our monetary union is facing. It is available to all jurisdictions and will remain in place until we assess that the coronavirus crisis phase is over.


We are making available up to €3 trillion in liquidity through our refinancing operations, including at the lowest interest rate we have ever offered, -0.75%. Offering funds below our deposit facility rate allows us to amplify the stimulus from negative rates and channel it directly to those who can benefit most. European banking supervisors have also freed up an estimated €120 billion of extra bank capital, which can support considerable lending capacity by euro area banks.

Tell me how

Danno wrote: »

We are well into this outbreak and I have to say the silence from our MEPs is deafening. Apart from giving €120bln in bonds the EU have done very little to assist member states ravaged by the Covid-19 outbreak... https://www.thetimes.co.uk/article/ecb-provides-extra-120bn-to-help-eurozone-in-coronavirus-crisis-kcfzs962q

I happened to have a look at the social media feeds for my own five MEPs and apart from "retweeting" or "sharing" statements from Harris and the HSE they seem to be doing fook all else.

Mick Wallace for some strange reason seems to be using the outbreak as an opportunity to lambaste the US sanctions on Iran. You'd swear the people of South Iran put him in Brussels instead of Ireland South.

As the overlords of the €uro currency, surely they could be doing ALOT more like implementing massive quantitative easing to help out hammered businesses and workers?

Your thoughts?

You came here to b*tch and moan, and nothing else.

Danno

Donald Trump wrote: »

Buying the bonds is quantitative easing FFS.

If you are going to have an oul' moan, figure out what it is you want to moan about first.

And how the fook is that helping the at least 200,000 on the live register in the last week, how is that helping small businesses stay afloat?

Its not.

Bonds are issued, bonds have to be repaid - with interest. This "stimulus" will only benefit the uber-rich, God help them they need it.

Danno

Tell me how wrote: »

You came here to b*tch and moan, and nothing else.

10/10. Slow clap.

Harry Palmr

Presumably if they were taking a command and control approach you'd be lambasting them for being the EUSSR

Donald Trump

Danno wrote: »

And how the fook is that helping the at least 200,000 on the live register in the last week, how is that helping small businesses stay afloat?

Its not.

Bonds are issued, bonds have to be repaid - with interest. This "stimulus" will only benefit the uber-rich, God help them they need it.

There's no point trying to debate with you as you clearly don't have the foggiest notion of what you are talking about.

Perhaps pick a different topic? Give out about information flow or something. No point rabbiting on about "quantitative easing" when you don't know what it is, how it's implemented, or the effects on the economy.

Rodney Bathgate

He loves to get his digs in at the US. Maduro lapdog.

landofthetree

Matt Carty ran away to hide in the Dail

Stark

Ireland's MEPs are probably busy trying to get "medicinal cannabis" approved as a treatment.

piplip87

Danno wrote: »

And how the fook is that helping the at least 200,000 on the live register in the last week, how is that helping small businesses stay afloat?

Its not.

Bonds are issued, bonds have to be repaid - with interest. This "stimulus" will only benefit the uber-rich, God help them they need it.

These bond will be used to pay unemployment benefit for those who are laid off. It will also be used to help get businesses reopened providing jobs for those people too.

You also know we pay into the EU so I take it you will be on here next month moaning that we have to pay more.into the kitty ?

NIMAN

You get the politician MEP you vote for.

Donald Trump

MEPs do not, and should not, have direct influence on monetary policy either FFS

Danno

Donald Trump wrote: »

There's no point trying to debate with you as you clearly don't have the foggiest notion of what you are talking about.

Perhaps pick a different topic? Give out about information flow or something. No point rabbiting on about "quantitative easing" when you don't know what it is, how it's implemented, or the effects on the economy.

There is more than one way to skin a cat: https://en.wikipedia.org/wiki/Quantitative_easing#Alternative_policies

God forbid everything has to go through a **** bankers hand first.

Danno

NIMAN wrote: »

You get the politician MEP you vote for.

We get the politician MEP we vote for.

Fixed your post

Graham

Danno wrote: »

Bonds are issued, bonds have to be repaid - with interest.

How do we repay -0.75% interest?

Donald Trump

Danno wrote: »

There is more than one way to skin a cat: https://en.wikipedia.org/wiki/Quantitative_easing#Alternative_policies

God forbid everything has to go through a **** bankers hand first.

Good man. You found out how to google. Now have a read of that article and come back to us in a few weeks when you understand a bit more.

Danno

piplip87 wrote: »

These bond will be used to pay unemployment benefit for those who are laid off. It will also be used to help get businesses reopened providing jobs for those people too.

You also know we pay into the EU so I take it you will be on here next month moaning that we have to pay more.into the kitty ?

You assume much.

jill_valentine

Harry Palmr wrote: »

Presumably if they were taking a command and control approach you'd be lambasting them for being the EUSSR

Fairly mindblown about how much of this I've seen. A lot of the same people - not necessarily OP - who have spent years parroting every all powerful EU overlord conspiracy theory out there now demanding to know why they aren't behaving like all powerful overlords. Bizarre.

Danno

Donald Trump wrote: »

Good man. You found out how to google. Now have a read of that article and come back to us in a few weeks when you understand a bit more.

Do you offer anything more than one line cut downs? Why bother posting in this thread?

Danno

jill_valentine wrote: »

Fairly mindblown about how much of this I've seen. A lot of the same people - not necessarily OP - who have spent years parroting every all powerful EU overlord conspiracy theory out there now demanding to know why they aren't behaving like all powerful overlords. Bizarre.

There is a big difference between being authoritarian and being supportive.

JP Liz V1

I think Ming and his family were self isolating, suspected virus carriers, waiting testing

Danno

JP Liz V1 wrote: »

I think Ming and his family were self isolating, suspected virus carriers, waiting testing

Surely he'll be grand considering all the health benefits...