Paul Murphy MEP – Challenges Enda Kenny on Bank debt

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A very good opportunity for Paul Murphy to challenge Enda Kenny in the European Parliament and he did it well. Kenny’s response was of course to get a dig in that had absolutely nothing to do with the criticism he made. Murphy pointed out that Ireland is paying 42% of the bailout for European banks. Kenny said Paddy pays his debts.

Paul Murphy challenges Taoiseach Enda Kenny for being the poster boy of austerity and failing to tackle the bondholders over the banking debt. Kenny has driven austerity in Ireland while going with a begging bowl looking for some crumbs from the EU on the private bank debt which was hoisted onto the shoulders of the Irish people. Kenny’s reply can be seen here.

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2 Responses

  1. Don

    January 18, 2013 12:35 pm

    “Paddy pays his debts”
    No, the Working Paddy, the Underpaid Paddy, the Disabled Paddy, and the Pensioned Paddy pay the debts. The Elite Paddy and the Government Paddy, both of whom earn hundreds of thousands of Euro a year, are paying less towards taxes and the debt than ever before.

    If you had asked any of the AFFECTED Paddy’s, you would hear a very different tune. Instead, the third highest paid politician in the entire EU zone says that it’s all hunky dory.

  2. Donagh

    January 18, 2013 2:34 pm

    Absolutely Don, I was using the expression as shorthand for exactly what he said, which was “to assure everybody that Ireland has always paid its way”. First of all, this is an illegitimate debt which was built up with the encouragement of governments who ignored the obvious dangers. The ECB could tomorrow wipe it out, without any significant effect on the economy. While there might be dangers for the Euro, in terms of its value as financial markets would exact their revenge for such a move in the short term this problem pales in comparison with the harm being done through austerity.

    But to the main point you make – yes, it’s reprehensible of Kenny to declare that ‘we all’ pay our debts. The significant burden for this ‘readjustment’ in Ireland’s finances is being placed on ordinary people – this is where the extra money is coming from to make the repayments on the debt resolution mechanism imposed on the Irish people – not the likes of the obscenely overpaid politicians. Put the pay of politicians is irrelevant in my view – or rather its just a symptom, a representation of the wider malaise which sees those on very high incomes enjoying something of a golden age while everyone else is made to suffer.

    Personally I really hate the use of the word ‘Paddy’ – it’s an insult. But so is the fact that Kenny can stand up in the European Parliament and claim to represent “Ireland”.

    By standing up and representing Ireland, with all his dim-witted incoherence, he is giving existence to a group known as Ireland, or the Irish people, which in turn appears just as dim-wittedly incoherent and servile as he is. If it were not as clodhoppingly stupid as he, why would it pick him as its representative? Thus Enda Kenny’s disjointed burblings appear as a forceful expression that there is no alternative, because if this is all ‘the Irish people’ are truly capable of, then this is the only direction that politics may go.