We need your help now
Support from readers like you keeps The Journal open.
You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.
If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.
Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
By continuing, you are indicating that you accept our Terms of Service and Privacy Policy.
Updated 8pm
SOCIAL PROTECTION MINISTER Joan Burton has admitted that Ireland will still be heavily overseen by the Troika when the bailout programme officially ends in two weeks.
Speaking to TheJournal.ie at the Labour Party’s national conference in Killarney last night, Burton insisted that exiting the bailout “is very good news for people”, but does not mean “we’re back into boom time instantly or anything like that”.
She said we will “still be of course heavily overseen by the Troika in terms of the IMF making two visits next year” as well as the EU’s two-pack and six-pack agreements, which set stringent targets on EU nations’ deficit and spending.
Burton said that exiting the bailout meant that bond yields are coming down, the European Investment Bank is lending to Ireland for infrastructure projects and “slowly but surely Irish businesses are getting back on their feet”.
Watch more in the video above
- First published 8.10am
To embed this post, copy the code below on your site
Tell us something we don’t know.
At least they didn’t lie about that aspect.
Yeah, visit all you want Troika. We could do with the Tourism. But passive oversight is completely different from the humiliating interference in our sovereign economic affairs. Roll on December 15th.
The Socialist Party.
Yeah Kevin roll on December 15th n then roll all the way back again when the lights go off on the 16th!
Gona be a crazy 2014, mark my words
Niall- what’s sad is that you seem to hope that’s the case.
“But passive oversight is completely different from the humiliating interference in our sovereign economic affairs. Roll on December 15th.”
Says the man whos party blackmailed our nation into the fiscal compact, guaranteeing german interference in our sovereign economic affairs for decades.
I’m hoping for a change for the better Kevin. Unfortunately there will be suffering but I don’t think the can has any more road left to be kicked down and that’s why I said what I said
Werejammin- you’re a Shinner. You would know know about extortion than I.
Stop digging Kevin. We are in hoch till debt is paid. Thanks to both civil war parties. 100k members between them? No trumpet to be blown here.
Not sure having the trokia looking over our shoulder is the worst thing in the world. If what happened between the year 2000 and 2008 has though us anything it is that the government especially a FF lead government cann’t be trusted on their own
Never a truer word spoken, a bunch of crooks, whose decisions on the fate of the country seem to be made in a state of inebriation….
Patrick- there’s also an argument that the Irish electorate can’t be trusted. There’s a reason that catastrophic Fianna Fáil Government was in place. We do tend to reward political parties that tell us what we want to hear.
Its not the electorate fault that we elect gangsters , its because we have no other option. There is no future for Ireland going the direction they are going.
Phunky- a party that stood up in Ireland and said: we’re screwed. We’re going to have to raise taxes and cut services. It’s going to be really hard for the next 5 years. How would that party fare, do you think?
The honesty would be nice for a change….
Jenni- it would. But that party would be annihilated on Election Day.
Rubbish. If they had told us the truth and said stuck to what they said they would do it would have worked for them. The bottom line was that they said what they said to maximise their vote and nothing else. They knew well what they had intended to do and it was to beggar ordinary folk while the elites escaped. In what other country are businesses that were run into the ground by developers, taken into a mickey mouse bank and the failed businessman paid €200k to run it? In what country would a wife of one of these tramps be given almost €100000/month to live on while someone aged 25 be given €400 for the same period?
How many regulations have been changed so that any banker that tries what Finger and Seanie did would be up in court before they could count their ill gotten gains?
Jim- you contradicted yourself in your own comment. “They said what they said to maximise their vote”. Yes. They did. Because that’s what the electorate here rewards. You should ask Alan Dukes how an electorate reacts when you give them bad news straight and don’t sugarcoat what lies ahead. He did that an FG nearly got wiped off the map.
Hopefully at the next election they will once again be wiped off the map. Along with Labour and FF. Can only hope that some other parties appear to give the Irish electorate a choice.
You took the words right out of my mouth.
Kerry- How many times have I heard that from you? Yet they remain the most popular party in the country. Unlike you, a lot of this country have noticed the vast improvement in the economy since this Government came to power and haven’t forgotten the mess they inherited. Genuinely, party politics aside I’m embarrassed for you that you so gormlessly buy the FF “sure they’re all the same” line. It’s an indictment of our education system.
Is anyone else relieved that they’ll be dropping by from time to time just to make sure that our TDs haven’t approved an elevator to the Moon or something?
WHO IN GOD’S NAME TOLD YOU ABOUT OPERATION CHARLI…..I mean, what a delightfully, nonchalant comment. (Cue whistling)
Irish understanding to boom time – borrow a sh*tload of money, instantly forget that its borrowed at interest and proceed to spend like people that they clearly are not.
How to take over a country without firing a single bullet? Lend them the only currency they are allowed to use, at interest, then demand it all back at once plus the interest.
Whats this you say? Cant repay us? Ah its ok, how about I buy your nationas water supply for the interest you owe.
Next year you’ll owe more interest so I think I’ll have your national lottery.
Again the year after that you’ll need to give me your power grid ( as you know you have a vast renewable generation potential).
Actually, for this year, i’ll get your politicians to implement a home tax so I can brag to my banker friends this year. You know, they still cant believe I have taken ye Irish for so much. And all buy just printing money out of thin air and making ye use it.
Danka.
Don’t forget the gold .
Thank God the Troika will be watching! Otherwise the Dail will enjoy themselves on the spoils.
Funny we were told the troika was going this month, yet the IMF said they’ll still be here for the foreseeable and the other part of the trio will be be checking in every 6 months.
Nice to here a government minister admit what has been in the media for weeks.
But Norman- you said we’d need a second bailout? And that Joan Collins Promissory note lawsuit would win? And FG would be decimated at the polls?
Zzzzzzzzzz.
You have sat too long
for any good you have
being doing.
Depart, I say and let us have
done with you
In the name of God. Go !”
I asked this question the other day: Are any of thejournal.ie staff down in Kerry with their friends in Labour.ie?
Today: Was this video recorded by a member of thejournal.ie staff down in Kerry with their friends in Labour.ie?
… Speaking to TheJournal.ie at the Labour Party’s national conference in Killarney.
thejournal.ie are there to report on all this and not to mingle with friends in Labour.ie…..
there will never be a boom again – at best the wealthiest 10-15% may get hold of a bit of cash but there is no wealth in the country and there never was. only debt.
Even the old fools in the government know it.
I wouldn’t touch her with yours.
And attached to a 10 foot pole
Ive heard better economic analysis from people who have drank 15 pints in the pub
Every time I see her I think of ” some one lickin the piss of a nettle syndrome , what a horrible person!
So what exactly does “exiting the bailout” actually mean, Joan?
You’re all a bunch of obfuscating duplicitous two-faced l……………arghhhhhhhh!
Absolutely no change. Merely meaning less drivel.
This is really a coded message from the eu/imf using Joan as their method of communication. They usually use Howlin or Noonan for the threats but they must be off so they’ve had to draft in Joan for this low budget one.
How many times can you say “eh” in 1 sentence? This is why she’s a minister! Undisputed champion of dragging a sentence out!
First use of Google Glass on Journal.ie?
Can’t even wait until Monday to make a misery out of your week ! F@#k off
Then tell us, Joan, exactly why do we need you or any of your government colleagues, and why should we continue to pay you? All we need, it appears, is the Troika and the civil service. You are a ‘luxury’ we can no longer afford.
Its starting just like fina fail Joan and her buddies will all develop misterious illness or family problems or what ever BS the traitors need to tell themselves and run for hills may they burn in hell http://www.independent.ie/irish-news/labour-big-guns-quinn-and-rabbitte-face-axe-29797149.html
Checked this video out in South Carolina. Looks like a sleepless night ahead and video didn’t even have sound.
http://www.youtube.com/watch?v=5hfEBupAeo4&feature=player_embedded
All Wars Are Bankers’ Wars
have your say