Current Affairs Irish Border and Brexit

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What interest did they pay back on that sum?....
If they loaned so much why did the UK have to dive in quickly to save the Irish banks would notbe EU berocrocy by any chance would it?.........
That EU funding is not there's it's the contributions from the main countries the UK being one of them........

It’s in the article mate 358 million has been paid in interest thus far from ROI to the UK. The UK didn’t save the Irish banking system, god if things had of been as easy as 3.2 billion being a meaningful amount, it was a drop, of a drop of micro drop in the ocean, but welcome none the less.

I don’t know how to explain this clearer the EU via the IMF bailed the Irish State and banking system out to the tune of 67+ billion. As below and the link:

“Although the government initially denied that there were any problems, and cited themselves as "fully funded well into 2011", in November 2010 the government had to seek a €67.5 billion "bailout" from the EU, other European countries (via the European Financial Stability Facility fund and bilateral loans) and the IMF”

https://en.m.wikipedia.org/wiki/Post-2008_Irish_banking_crisis
 
I think the Irish Sea separates NI anyway.

Seriously though personally I couldn’t be less bothered about customs or goods going to and from either market to the other tax free etc. NI is in a privalaged position and should snap the hand off the deal on the table. People talk of custom borders and the like, it’s ridiculous grandstanding.

Look at it this way, you fly from Belfast to London you are still going through security, customs process etc even if it’s just presenting your passport. People do it without any objection. Yet are prepared to go the extents we are witnessing and talking about the threat of violence over the journey of a chicken nugget, that they will never be involved in or even aware of in their daily lives. This is all politicking and very little to do with the issue at hand.

I suppose that is a valid view point from your point of view many wouldn’t identify being a part of the UK nation and more part of the Republic as you know.

There are no passport checks between Belfast and London. Except the odd Ryanair flight I've been on. But it's not legally enforceable. Not that it matters. It's no big deal and doesn't bother me.

It's purely the trading issue. As long as their is some form of customs backstop, there is always the risk of barriers to trade. Especially with the EU trying to punish us. I don't trust them at all.
 
Or maybe to protect the people of NI's right to remain in the EU as provided for under an international treaty.

But you go on if you want believing that the big bad EU are out to thwart dear old Blighty's thrust for freedom.

Last time I checked the referendum was a UK vote. I didn't have a separate NI ballot paper. The country voted to leave. So that's democracy.
 
They have overturned 6 referendums they have a top record of it .........
VAT differs in the North and south as do taxes currencies -yet the systems in place could not deal with 5 percent EU trade ......
The UK wants no hard border, the North and South of Ireland do not a hard border yet who rakes up the trouble ....
The EU where they involved in the Good Friday agreement- NO .....
If May was not relying on the DUP for power she would have sold out by now which would have been wrong for both North and South.......
You would not be thanking EU if that was the situation for using Ireland for their own benefits........
The GFA couldn’t have happened without the EU and since it's inception they have played a key role in underpinning it Joe.
 
Absolute tosh, it was the IMF who provide the funds for the bailout.

I'm getting the feeling one of the rags over here like the Mail or the Express at the time ran with a headline like UK BAILS OUT IRELAND and the usual suspects probably lapped it up. Clearly the UK did help out, but not on our own (which I see has already been provided by Neiler, but this breaks it down too):

"The funds were provided to Ireland at the height of the financial meltdown when the country was forced to avail of a €67.5 billion EU-IMF bailout package after the banking and property sectors here crashed.

The loans included €22.5 billion from the IMF, €22.5 billion from the European Financial Stabilisation Mechanism (EFSM), and €22.5 billion from the European Financial Stability Facility (EFSF), which included a combined €4.8 billion in bilateral loans from the UK, Sweden and Denmark.

Having repaid all of the money it owed to the IMF and the bilateral loans to Sweden and Denmark, Ireland now owes about €44.5 billion. This comprises €22.5 billion to the EFSM, €18.4 billion to the EFSF and £3.2 billion (€3. 6 billion) to the UK."
 
The London piece is interesting for sure, it’s whether you look at it as a loss or opportunity. Certainly London faces challenges in this environment and likely much competition.

I’m not sure banks would be unable to cope, Amsterdam, Zuirich, Frankfurt, Geneva, Luxembourg and Ireland have slowly gained on London , some offer better tax breaks too and their isn’t much difference between each in a globlised market place,. Geography in a globilised technological world is of little relevance as well, it does beg the question though of why would you have a European financial Centre in Europe that faces challenges and levys in trading in Europe. The cost of business is going to be critical, that’s something not going in London’s favour with Brexit, it might have to cut the ?European market loose and focus on becoming more wholly international.

Let’s not forget that the EU intend to ‘harmonise’ those tax breaks for the benefit of Germany and France, while the U.K. will be free to be as competitive as they wish. This is all part of trying to keep a grip on the U.K. for as long as possible.....
 
Hang on, let’s deal with the first point of my last post. Immigration into the north of Ireland will be tolerated, allowed, ignored? That isn’t Brexit is it? Did 17.4 million people vote for 75% immigration clampdown on EEA nationals in the UK? I’ll ask you about the rest of your last post in a moment

I did not vote for a 75% immigration clampdown on EEA nationals in the U.K. I did not see it on the ballot form, nor did I read it in any documentation. Can you show me where this was publicised please.....
 
Absolute tosh, it was the IMF who provide the funds for the bailout.
Gideon loaned 6 billion after the 2008' crash.......
Where were your precious EU then.........
When the republics banks were going to implode the U.K. Had self interest as for trade - the EU looked away......

Not quite. The IMF did indeed eventually provide loans. However the U.K. taxpayer had already put over £14Bn into the RBS and Lloyd’s subsidiary banks in the ROI, via their bailout of the banks in 2008/9. In addition the coalition government of 2010 also gave the ROI access to a further £7Bn. The ROI has already repaid the IMF and still owes the U.K. about £3Bn......
 
Patrick Kielty is a comedian from County Down and a well known TV personality.

He knows better than most how high the Brexit stakes are in NI, his own father having been murdered by terrorists when he was a young fellow.

In this tweet he takes aim at Boris Johnson’s ignorance.


https://www.independent.ie/business...n-37366776.html#click=https://t.co/NahxF1DgMd



"1. Northern Ireland is made up of a majority of Unionists (as in the Conservative and Unionist Party) and, believe it or not, a rather large minority of Nationalists (as in Irish Nationalists)

"2. These Irish Nationalists don’t see themselves as British but rather inconveniently as Irish (who knew?)

"3. For over 30 years we killed each other because of these differences which means Northern Ireland is nothing like Camden or Westminster.

"4. The Good Friday Agreement ended that violence by the following devious magic -

"Unionists were guaranteed that Northern Ireland would be part of the UK until the majority voted otherwise.

"The Irish was border was removed and the island linked so Nationalists could pretend they were already living in a United Ireland (yes, Tony Blair did slight of hand much better than you)

"5. Some of these Nationalists then accepted being part of the UK as their day to day lives were essentially Irish.


"6. This cunning plan was sold to us on the basis that we were all part of the EU therefore fixation on nationality was so last World War.

"7. Implementing the Good Friday Agreement was torturous (think Brexit with actual bombs, not metaphorical suicide vests) but we finally made peace. Yet 20 years later NI remains a divided society.

"8. Thanks to your glorious Brexit vision Northern Ireland will become more divided as some form of economic border checks will become part of daily lives.

"9. If those checks take place between NI and Ireland, the Nationalists who were once happy being part of the UK will change their mind.

"10. If they take place in the Irish Sea some Unionists will be livid. However they'll still support being part of the UK (the clue is in the Unionist bit)

"11. Your Brexit lies have opened a Pandora’s box for Northern Ireland. It's one reason why the majority of people in NI voted to remain in the EU (almost as if they knew more about the fragile equilibrium of their politics than you)

"12. Barely mentioned before Brexit, a border poll is now inevitable thanks to your monumental ignorance.

"13. When that poll is eventually held the Nationalists who were once content being part of a Northern Ireland within the UK and EU will vote to leave the UK to feel as Irish and European as they did before Brexit.

"14. The poll will be much closer thanks to your Brexit folly and could easily be lost by Unionists, breaking up the UK.

"15. Any break up of the Union will be your fault (a tad inconvenient as a member of the Conservative and er, Unionist party)

"16. The EU is not responsible for your blundering lack of foresight. Like most people in Northern Ireland they were happy with the status quo.

"17. By the time the penny drops that you can’t preserve the Union you want without the one you don’t, it will be too late.

"18. You will be remembered not as the Churchillian visionary you delude yourself to be but the ignoramus who triggered the break up of the UK.

"19. If there’s any justice all this will come to pass when you're Prime Minister so you can finally swim in the constitutional sewage you've created (though we all know you’ll be in Nice with your trotters up)

"20. Meantime, if you’re so concerned about keeping Northern Ireland totally aligned with the rest of the UK where’s your support for our same sex marriage and women’s right to choose? Your silence is deafening."
 
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