Ouch! NAMAWineLakes Open Letter on Bust Ireland to the British Prime Minister

Slydice

TLDR Crowd, look away now

NAMAWineLake really lets loose this time:

to the end of December 2011, we have received €481,730,000 from your good selves as part of the bilateral loan agreement entered into between our two countries just over a year ago. This €482m now received is part of the GBP 3,226,960,000 (€3.9bn) provided for in the agreement and which is expected to be drawn down in full over the next 24 months.

The bilateral agreement between our two countries allows you to visit and inspect the books, and examine anything else which may interfere with your loan.

I write to invite you to send along your own delegation, as provided for in the bilateral loan agreement.

Michael D is a bit of a national institution and we were all very impressed when he said that he would accept a cut to his presidential salary – what we didn’t realise is that he meant he would accept €250,000, the same as the last incumbent Mary McAleese’s who voluntarily surrendered €75,000 per annum from the salary for the job which is a standard €325,000. When you consider that the role of Irish president is 99% ceremonial, you might raise that right eyebrow in the way that you do.

he might discover a lot about what is dysfunctional and wrong about our country today,. Firstly he might pop into the headquarters of the police service, the Garda Siochana which is also located in the Phoenix Park. There he might share a few words with the head of the force, Commissioner Martin Callinan. Now we don’t seem to know how much Martin is being paid but his predecessor, Fachtna Murphy was reportedly paid €250,000 a year and that was back in 2010.

ven though we had a referendum last October to allow judges’ pay to be reduced, at time of writing the salary of the Chief Justice is €295,000, President of the High Court gets €275,000, Supreme Court judges get €258,000 (each!), and the 35 High Court judges get €243,000. With such an expensive judicial system, George will no doubt come away thinkingIreland must have a very high standard of lawfulness indeed.

But George will not need go far before he notices a striking difference between central Dublin and central London: beggars, with an appreciation of spatial distribution analysis that would make Starbucks envious, are everywhere. Begging you see is not a crime in Ireland, though last year when it was discovered that our old begging laws were probably unconstitutional, we introduced laws to make organising begging, and begging next to ATMs unlawful. But it is still perfectly legal to sit down on the pavement, organise your tools of the trade – blanket, box with a plea in black marker and oftentimes a cute animal – and beg.

But again, George will encounter about one hawker every kilometre offering his cheap cigarettes.

If he pops into one of our most popular home-grown fast-food outlets, Abrakebabra, he’ll find a kebab and 330ml can of pop for €3.65 but only before 7pm, thereafter the price rockets to €8.95 though that includes 15 soggy chips. This will make George curious. If George wants more gentrified surroundings for a snack, he could do worse than pop in that old Dublin institution, Bewleys Coffee House on Grafton Street. But I would advise him against the €5.75 bread-with- dips for which he will get four slices of bland white bread and three absolutely disgusting dips (green pesto does not go well with white bread, the humus is like pate and the tomato dip is vile). Bewleys doesn’t have a vomitorium but it should. Both examples go to show that there is something dysfunctional about our hospitality businesses. But there is something dysfunctional about our businesses, full stop. Bewleys operates from a building owned by a company controlled by NAMAed Johnny Ronan and NAMAed Conlon family, and is understood to have an upward-only rent review lease. Across the road, you will see a banner atop Korky’s shoe shop correctly calling the Government liars for abandoning their commitment to allow business tenants to have leases which reflected market rents, not rents four years ago which are double the market rate today.

How is it that your salary is less than that of the Irish prime minister (or Taoiseach) especially given your range of responsibilities in an economy ten times bigger thanIreland’s is far more expansive.

And then you might further ponder how this country can afford such lavish salaries when it is bust; not just “bust” but you are loaning it money at a political risk to yourself and your party.

Seems like he's getting a bit upset at the state of our Country.

I'd say it's because the Government decided to keep Upward Only Rent Reviews.

Sykk

Who sent it?

Benny_Cake

I don't know what the idea behind this is, but his main problems seem to include begging on the streets of Dublin, the cost of rents, and that Bewley's is low quality and overpriced. Quite why he thinks David Cameron has any interest in this is beyond me. I'm off to mail Barack Obama about the amount of littering around here.

donvito99

Oh, this is a blog.



Who fupping cares

snubbleste

I think what he is getting at is that Ireland is spending imprudently the UK loan and that the UK should look into this as they are "outside the irish elite system"

Namawinelake does stellar work and should be given recognition for same and a very very shiny medal.

ejmaztec

Slydice wrote: »

I'd say it's because the Government decided to keep Upward Only Rent Reviews.

Oh yes, the thing that they were going to change, but they don't seem to have the brain-power to, blaming the problem on complicated legal stuff that they can't sort out?

Bunch of wusses. Whoever came up with the upward only rent review in the first place was a cretin of the highest order.

oppenheimer1

Slydice wrote: »

TLDR Crowd, look away now

NAMAWineLake really lets loose this time:

Seems like he's getting a bit upset at the state of our Country.

I'd say it's because the Government decided to keep Upward Only Rent Reviews.

If he is going to write a letter and wants to be taken seriously he should write it in the appropriate tone. This reads more like a crap article or opinion piece. He should also know that the government cannot abolish upward only rent reviews that were agreed to by tenants in existing contracts. The only thing the current government are guilty of wrt leases is making a promise they knew they couldn't keep.

Publishing an open letter on his own website is also a bit pointless - the only people that are going to read it are those that are of the same mind as him. The world was not changed by preaching to the converted.

oppenheimer1

ejmaztec wrote: »

Oh yes, the thing that they were going to change, but they don't seem to have the brain-power to, blaming the problem on complicated legal stuff that they can't sort out?

Bunch of wusses. Whoever came up with the upward only rent review in the first place was a cretin of the highest order genius

Fixed that for you. The person who decided to put that clause in the lease was probably one of the rare few that had any foresight wrt the property market. It was an obvious protection for landlords in an overinflated property market.

The person that wrote this saw the crash coming. Not only did he write it, but got gullible tenants to agree to it.

Slideshowbob

donvito99 wrote: »

Oh, this is a blog.



Who fupping cares

As opposed to your posts on a web forum :-)

DERPY HOOFS

The beggars are organized Romanian gypsys.They should be jailed i cant even walk down that street without them aggressively demanding cash.
M D Higgans and the job he has should be retired.We dont need a president.

tallaghtmick

Another west brit who probably spent like a nut during the good days and owes a lot now!