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THE TÁINAISTE EAMON Gilmore has said the new eurozone deal greatly reduces the chances of Ireland needed a second bailout.
Gilmore was speaking in the wake of last night’s dramatic decision which came after 13 hours of meetings between EU leaders. The deal means that Spain’s banks can be bailed out directly from the European Stability Mechanism, and that the same measures can be applied retrospectively to Ireland.
The Tánaiste told Morning Ireland on RTÉ Radio One that the news “changes the game for us as far as bank debt is concerned”, and that the method of breaking that link can now be applied to Ireland.
He said that by next year Ireland will have a “massive level of debt for any country to bear”, but that this deal will make things easier for the Irish people and help to bring the debt to GDP ratio down.
Gilmore also said that he does believe the deal will be retrospectively applied, and said that it massively improves the chances of Ireland not needing a second bailout.
Enda Kenny has described the decision as a “seismic shift in European policy” and said that the debt burden on the Irish taxpayer can be re-engineered.
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Denise having worked in bulmers for years I find your comments kind of insulting and irrelevant to the fact that some of my ex work colleagues will be losing their jobs, some of whom have spent fifteen years or more within the business. It’s a place of work not just a drinks company, providing a living for these people. If you have an issue with alcohol and people who drink to excess then it’s not these employees that you should be aiming your comments at.
In protest I will be drinking Clonmel’s finest all wknd…
@ denise, It’s not alchohol that ruins people it’s the abuse of it that does.
A number of people are going to lose their jobs.some of these people may depend on these jobs to pay mortgages,bills and provide for their families so try not to be so narrow minded when posting comments
Hi Denise, although you are correct with the fall out on most weekends of those who cannot handle drink, I think that those people losing their jobs will be very upset, its not nice to be told your skills are no longer required, the human side of this needs to be recognised also. Its extremley hard to find work and I feel really sorry for them, many of us here have been there. Im not having a go at your opinion, its yours to make and I respect that, just want to put mine accross too.
There must be a method in their magners
Jobs blow Decider . Always one bad Apple.
There should be a bit more parity in the price of alcohol in a pub with buying it in a Supermarket.
Buying in a Supermarket and pouring your own measures at home means a lot more alcohol consumed.
I live right by a Supermarket and in weekend nights the amount of people that load up on drink before they hit the pub or nightclub is huge.
For a lot of people that live on their own especially in rural areas, the only chance they get to socialise is by going to their local.
I do understand that a lot of anti social behaviour is because of alcohol but banning it won’t work.
Did prohibition work in the USA?
Plenty of bathtubs would be turned into mini breweries.
Restructuring,reorginisation just fancy words businesses use when sacking people so they can make more money. I wish these people all the best.
Reminds me of the book Downsize Me by Michael Moore.
And crap weather,HB icecream must be feeling it to.
We switched to Bulmers from wine when it got hammered in the budget,with half the alcohol levels of wine and a few ice cubes, there is no better thirst quencher.
Tea ?
Alcohol costs the health service millions every year so if all brewerys and pubs shut down it would be a great .
Stupid comment, how much jobs would be lost as a result of that? Pubs are already struggling as it is due to high tax on alcohol & supermarkets selling cheap drink
Shhh
I’m sure the 35 people losing their jobs are delighted with your analysis of this situation!
How many lives are lost because of alcohol, I think your the one with the stupid comment just go to any A and E tonight at midnight to see what alcohol does to people.
Sure feck it, we’ll ban sick people from A&E, ’til be grand and quite, and save the HSE a fortune!
Alcohol consumed in moderation is fine & this is what the majority of Irish people do, a slight minority don’t know when to say no and are disruptive, should we ban alcohol then because 1% of our population consume it too often? By your logic we should ban fatty foods because some people eat too much chips and are overweight
I didnt mention food, but good luck with your drinking and I hope you dont have a sore head in the morning. Some people are just stupid I give up.
I think you’re onto something. If we also ban people from ringing the Gardai we could advertise Ireland as having no sick people or crime. Everyone would want to live here.
Yes Denise I agree with you for once, some people are just stupid
Ban the ones full of alcohol and I bet there wont be many left at midnight.
Denise obviously you don’t see the big picture when it comes to the likes of drinks companies, These companies employ direct&indirect people to manage the transport&logistics end of things along with manufacturing companies for the gases used.
The knock on affect of a drinks company down sizing or closing not only affects people that work directly for the companies, But also other companies that supply services to the drinks company.
Alcohol doesn’t cost the Health Service millions ! It the people that abuse it that does …
@Denise what a STUPID comment. I’m sure you are a barrel of laughs to be around!!
i work for this company and am one of the employees who job is under review due to the changes. I know only to well what can happen when are member of a family is killed or seriously injured when someone decides to drink and drive. My brother was seriously injured when he was hit by a drunk driver and has a brain injury which left him depended on
his whole family. But you can’t blame alcohal companies for people who are selfish and get behind the wheel after taking drink. My family have lived with this for the last 28 years so I take it your family must have gone through this as well and if that is the case I know how ye feel. But I have 3 kids to feed cloth and educate and to keep a roof over their head and I have no problem working for this company as I said earlier drink companies DONT MAKE people get behind the wheel after taken drink and drive every one has to be accountable for their own actions. So while you have your rant think about all the families who lifes are affect by losing their jobs.
Ill drink to that!
Yet another jobs blow to the South-East. The region needs the government to do more to help it & give us the potential to fight back against the recession. An upgrade to Waterford IT & funding to allow it to act as a driver for economic growth for the region would be a start.
Since when is Clonmel in the south east?
Clonmel has always been in the South East as it is the county town of South Tipperary which is one of the 5 counties in the South East.
Conor, seriously. Have you ever looked at a map. Where do you think Clonmel is? Donegal?? Clonmel is in the heart of the South-East, about 40 minutes from Waterford City, & about the same from Kilkenny. Clonmel & Carrick-on-Suir are two towns that have been very badly hit by job-losses & the abandonment of the South-East region by this & successive governments.
I can’t get over how stupid that connect is. Talk about a person you know that would absolutely bore you to death.
Typo error comment not connect.
Alcohol creates jobs in the health service
I feel responsible, full bore this weekend get some of them back workin
€2.49 for a can of Bulmers! Enough said.
Bulmers pulled out of Europe a few years back due to too high demand. Now they’re suffering. Oh well.
Interesting how their MD resigned last week, I guess he couldn’t agree to do the dirty work and put the redundancy plan into place
It’s a sobering thought.
@Denise , you need an auld blue peter of the stuff to lighten up .
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