Ireland is loosening the backing up of banks

It seems that the Irish politicians are figuring out, that it's not in the best interest of the poor or the rich, to guarantee banking in this country. At least when it comes to socialising deficits and letting the bankers to go with the profits.

Michael Noonan announced that Ireland will stop giving that special care to bankers. But will this be enough for the economy to go "normal"? This is Captain Hindsight talking, but it doesn't seem fair that banks will be paid if somebody can't afford to pay their loans, but those who owe to banks still owe to the banks. I might be a bit slow, and my education is based on the Finnish educational system, and my opinions are only based on to the people I trust my money with, but it seems a bit - no exaggerations - unfair.

It would seem fairer for all the participants in the economical field to have comparable changes of opportunity to win, and in cases of losing, having same probable consequences. Now it seems that many households are still holding the dead man's hand, while the banks win championships of poker with ten-deuces off every year.

But at least this country hasn't lost it's sense of humour. Government will probably still get their vote of confidence through every voter's own argumentation. On my behalf, I should use more of my time tuning into the political field of Ireland, just in case it would help me to understand how politics is understood by the so called common man.

Learning to talk like politicians - lesson learned from Enda Kenny and Michael Noonan

Ireland is having a referendum about the new fiscal treaty in two days and according to some polls the Yes side is a little bit ahead. It seems that diplomacy ain't the first thing in mind when it comes to politics. Irish Examiner quoted Taoiseach Enda Kenny that he will not "be shoved around" by Sinn Féin. ""I am not going to give a platform to somebody who I don't regard as the leader of the Opposition to [propagate] what are blatant lies and hypocritical assertions", Irish Examiner's article ends up quoting aforementioned Kenny.

On this notion, other countries should learn about Irish diplomacy when it comes to the highest form of political debating. Forget lines like "there seems to be some kind of misunderstanding" or "we still have some issues that we need to work out to get to the approvable level of compromise". You have to be strict and call your fellow companion a liar and a bully. That's how political differences are worked out in Ireland.

But also other kind of behaviour can be found in Ireland. According to the Independent, the finance minister Michael Noonan promises easier budget, if the Yes side wins. Noonan's worries seem to be concerning Ireland falling down on credit rating. There's is also a lots of worries about Ireland's public sector, growth and sustainability of the social welfare. The carrot that Noonan is offering seems a little bit obscure to me in a sense that I don't understand how economical forecasts are made in Ireland. But that's my problem.

Perhaps after next week (or next year or next decade) we will have more of that hindsight concerning what should have been voted, which in my humble opinion is the only exact science.