Pullback of EU generosity begins

EU leaders want a review of the assisance that was promised to Dell workers on the eve of Lisbon referendum.

http://www.irishexaminer.com/ireland/uncertainty-over-euro14m-package-for-dell-workers-102905.html

Only a few days ago I blogged that EU's generosity to Ireland is going to end soon. Didn't know it's going to begin so immediately...

On another note, I am shocked indeed to see the support Nama got in Green party conference. Most people are worried about the program for goverment and that it prevents required cutbacks. But that is chicken feed compared to money to be spent on Nama. Suddenly Greens as a party are looking and sounding like Fianna Fail. The same desperation to stay in power, whatever it may take.

It was heartbreaking to see Ireland leading twice against Italy but end up with a draw. Why is it that Ireland always seems to exceed expectations when playing stronger teams but underperform when playing lower rated teams?

A Moody's analyst has come out and said that over paying banks for properties is fine as we will have to shell it out anyway later as banks will need more capital.
It's like moving money from one pocket to another, he says. It is with such out of place and over simplified analogies people are being fooled. This is money from people's pockets moving to the pockets of bankers and investors.

Let's for a minute assume that Nama is going to make some profit. How will that profit get back to the tax payer who is the investor? I can't see a way. What's more likely to happen is the ministers and civil servants using this money to inflate their already substantial pay packets.