Date Published: 10-Apr-2013
Will Ireland exit the bailout at the end of next year? In a way it’s an academic question because even if the country exits the bailout….it won’t exit the bailout.
It’s all a little bit like the Eagles’ iconic Hotel California – you can check out anytime you want but you can never leave.
The reality is that we need whatever is the opposite of a perfect storm to leave – growth in the economy, some jobs being created, the eurozone to be on an upward growth trajectory and buoyant US and British economies.
Oh, and we also need a second deal on bank debt – this one a big bundle of retrospective cash to cover the onerous cost of bank recapitalisation.
The Government’s hope is that this will come through the newly formed European Stability Mechanism – there was that famous ‘Ireland is a special case’ language at the EU Summit in Brussels last June.
In its internal staff report last week, the International Monetary Fund was quite specific when expressing its doubts about Ireland’s ability to exit the bailout without such a deal.
But the message coming out of Europe is don’t expect it anytime soon and the Germans are making sounds that sound suspiciously like ‘nein’ to my ears.
So those who wake up to see bright blue-skies in January 2014 will soon realise that they are looking at them through barred windows. Michael Noonan always has a euphemistic political term to smooth such political creases.
He has said that Ireland will need a little ‘hand-holding’ for a while when we exit the bailout. Or put in another way, we’ll be on a provisional licence in our own car, with somebody in the passenger seat holding the handbrake and telling us where to go.
In fairness to it, the Government has done a lot of the donkey work that will ease the passage. There was a debt repayment cliff of €14 billion worth of bonds due for repayment by the Irish sovereign in 2014 but the National Treasury Management Agency has managed to whittle that down to manageable terms with a number of forays into the markets, each achieved with lower interest rates.
And the Government has been as scrupulous as its predecessors in meeting the conditions laid out in the international Memorandum of Understanding. By Christmas there had been 190 targets met and there will be close to 300 by the time we finish the programme by the end of the year.
What struck me when reading the IMF target last week was that its departure from the EU Commission and the European Central Bank in terms of the necessity of Ireland getting a second bank deal through the ESM.
For more, read this week’s Connacht Tribune.
The way we were – Protecting archives of our past
People’s living conditions less than 100 years ago were frightening. We have come a long way. We talk about water charges today, but back then the local District Councils were erecting pumps for local communities and the lovely town of Mountbellew, according to Council minutes, had open sewers,” says Galway County Council archivist Patria McWalter.
Patria believes we “need to take pride in our history, and we should take the same pride in our historical records as we do in our built heritage”. When you see the wealth of material in her care, this belief makes sense.
She is in charge of caring for the rich collection of administrative records owned by Galway County Council and says “these records are as much part of our history as the Rock of Cashel is. They document our lives and our ancestors’ lives. And nobody can plan for the future unless you learn from the past, what worked and what didn’t”.
Archivists and librarians are often unfairly regarded as being dry, academic types, but that’s certainly not true of Patria. Her enthusiasm is infectious as she turns the pages of several minute books from Galway’s Rural District Councils, all of them at least 100 years old.
Part of her role involved cataloguing all the records of the Councils – Ballinasloe, Clifden, Galway, Gort, Loughrea, Mountbellew, Portumna and Tuam. These records mostly consisted of minutes of various meetings.
When she was cataloguing them she realised their worth to local historians and researchers, so she decided to compile a guide to their content. The result is For the Record: The Archives of Galway’s Rural District Councils, which will be a valuable asset to anybody with an interest in history.
Many representatives on these Councils were local personalities and several were arrested during the political upheaval of the era, she explains.
And, ushering in a new era in history, women were allowed to sit on these Rural District Councils – at the time they were not allowed to sit on County Councils.
All of this information is included in Patria’s introductory essay to the attractively produced A4 size guide, which gives a glimpse into how these Rural Councils operated and the way political thinking changed in Ireland during a short 26-year period. In the early 1900s, these Councils supported Home Rule, but by 1920, they were calling for full independence and refusing to recognise the British administration.
“I love the tone,” says Patria of the minutes from meetings. “The language was very emotive.”
That was certainly true of the Gort Rural District Council. At a meeting in 1907, following riots in Dublin at the premiere of JM Synge’s play, The Playboy of the Western World the councillors’ response was vehement. They recorded their decision to “protest most emphatically against the libellous comedy, The Playboy of the Western World, that was belched forth during the past week in the Abbey Theatre, Dublin, under the fostering care of Lady Gregory and Mr Yeats. We congratulate the good people of Dublin in howling down the gross buffoonery and immoral suggestions that are scattered throughout this scandalous performance.
For more from the archives see this week’s Tribunes here
Galway have lot to ponder in poor show
Date Published: 23-Jan-2013
FRANK FARRAGHER IN ENNISCRONE
GALWAY’S first serious examination of the 2013 season rather disturbingly ended with a rating well below the 40% pass mark at the idyllic, if rather Siberian, seaside setting of Enniscrone on Sunday last.
The defeat cost Galway a place in the FBD League Final against Leitrim and also put a fair dent on their confidence shield for the bigger tests that lie ahead in February.
There was no fluke element in this success by an understrength Sligo side and by the time Leitrim referee, Frank Flynn, sounded the final whistle, there wasn’t a perished soul in the crowd of about 500 who could question the justice of the outcome.
It is only pre-season and last Sunday’s blast of dry polar winds did remind everyone that this is far from summer football, but make no mistake about it, the match did lay down some very worrying markers for Galway following a couple of victories over below par third level college teams.
Galway did start the game quite positively, leading by four points at the end of a first quarter when they missed as much more, but when Sligo stepped up the tempo of the game in the 10 minutes before half-time, the maroon resistance crumbled with frightening rapidity.
Some of the statistics of the match make for grim perusal. Over the course of the hour, Galway only scored two points from play and they went through a 52 minute period of the match, without raising a white flag – admittedly a late rally did bring them close to a draw but that would have been very rough justice on Sligo.
Sligo were backable at 9/4 coming into this match, the odds being stretched with the ‘missing list’ on Kevin Walsh’s team sheet – Adrian Marren, Stephen Coen, Tony Taylor, Ross Donovan, David Kelly, David Maye, Johnny Davey and Eamon O’Hara, were all marked absent for a variety of reasons.
Walsh has his Sligo side well schooled in the high intensity, close quarters type of football, and the harder Galway tried to go through the short game channels, the more the home side bottled them up.
Galway badly needed to find some variety in their attacking strategy and maybe there is a lot to be said for the traditional Meath style of giving long, quick ball to a full forward line with a big target man on the edge of the square – given Paul Conroy’s prowess close to goal last season, maybe it is time to ‘settle’ on a few basics.
Defensively, Galway were reasonably solid with Gary Sice at centre back probably their best player – he was one of the few men in maroon to deliver decent long ball deep into the attacking zone – while Finian Hanley, Conor Costello and Gary O’Donnell also kept things tight.
For more, read this week’s Connacht Tribune.
Real Galway flavour to intermediate club hurling battle in Birr
Date Published: 23-Jan-2013