Someone on politics.ie has referred to me as a brain damaged lunatic. Should I sue? The comment was referring to Michael Taft’s article on Ireland’s bank debt which they thought was “bonkers”:
“first of all I couldn’t find any of them explicitly mentioned in the Eurostats report. And by the way we know that 41bn Euro isn’t anywhere near the total cost to the Irish tax payer. 40 bn Euro total cost to the German taxpayer laughable. And France made 3bn Euro?
The Irish left review never was and never will be a reliable source for anyone. It’s run by brain damaged lunatics.”
I accept responsibility for ‘running’ the site as no one else is mad enough to do it, so the comment obviously refers to me. They seem unaware that Michael has his own blog where it was originally posted. However, to the substantive point. Expecting to see what Michael showed explicitly stated as he put it in a data set is odd to say the least. Have they never heard of a pivot table, or “slicing and dicing” data?
Looking at the Eurostat figures for Germany what I see corresponds to point made by Michael. In the sheet for Germany there’s a table that relates to activities undertaken to support financial institutions which shows there are 42,845 million in liabilities outstanding. I would need to look at this more closely, but based on Eurostats data what exactly is so funny about Michael’s analysis?
However, they didn’t even need to go to the data sheet to convince themselves that what Michael is saying is correct. All they had to do is go to page 12 of this background note to see a handy graph:
After all this time, and with an IMF report saying that Ireland has had the “costliest banking crisis in an advanced economy since at least the Great Depression in the 1930s”, the level of denial is unbelievable.
I guess they’d believe it if Constantin Gurdgiev or NAMA Wine Lake said it. Or maybe they’re waiting for the press release from Declan Ganley (given that many of the most vicious commentators on politics.ie are Libertas loyalists).