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And Ireland and Greece February 27, 2015

Posted by WorldbyStorm in European Politics, Irish Politics.
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A telling criticism from the SBP editorial on the government approach in relation to Greece.

The Irish government is a bit-player in all of this drama, but has a seat at the table. Its approach so far has been to follow the rhetorical line set by the creditor countries. Taoiseach Enda Kenny and finance minister Michael Noonan have urged Greece to follow Ireland’s example of negotiating incremental concessions to the bailout agreement over time in the hope of reducing the pain of the implementing austerity.

The SBP disagrees:

This is a mistake. To show solidarity to weaker countries is the essence of the European ideal. Many countries seem to have forgotten that. As a former bailout economy and the fastest growing in the eurozone this year, Ireland should offer support and encouragement.

And it makes a broader point, which is also often forgotten.

Instead the line from Dublin has been that Athens must honour its debts fully as Ireland has done. Athens’ interests are Dublin’s, in the long run. The Greek crisis has the potential to endanger the European project. Anything Dublin can do to help solve this will only be to the common good.

Things are stableish across Europe at the moment, but that’s not guaranteed, and more importantly this crisis is going to be followed by future crises. Dublin’s reticence, no – actually what is an aversion – to engaging positively and supportively in relation to Greece, may well come back to haunt it.

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