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Friday, 03 September - It was back-to-school, back-to-Parliament and back to the same big issues this week. Jean-Claude Trichet, head of the European Central Bank, yesterday announced the extension of the deadline for offering unlimited loans to banks to the middle of January. As I flew back home from Brussels I couldn’t help but wonder where we might be now if it wasn’t for the EU.
And as the Anglo millstone bears ever heavier around our necks it emerged that you can’t go on fooling the market. When concerns were raised about the impact of the recent downgrade of Ireland’s credit rating by Standard & Poor's, surprise surprise, it wasn’t going to have the impact feared, the markets had already figured out that Anglo was going to cost us more than was being admitted back home.
Who was it who said ‘the truth will set you free but first it will make you miserable?’ The reality is that delaying the truth in this case will not make the problem go away; it will just make it worse!
Coming home it struck me that it is probably much easier for me to get back and forth to Brussels every week, combining work and family responsibilities than it is for my colleague, Olwyn Enright, who has been living between Birr, Dublin and Donegal.
I admire her decision to quit politics because of the difficulties of combining family life with two political careers – hers and that of her husband, Joe McHugh. It can’t have been an easy decision but it’s right for her and her family and I wish her well with it. She is an able politician whom I’ve worked well with in her constituency, which is also part of my constituency.
It’s interesting that in the same week, another female TD, Liz McManus of Labour, has also decided to quit – for different reasons, but it does make you think about how few women there are in politics.
And if we are serious about attracting more women into politics then more needs to be done about it. I support quotas for women……I didn’t when I was younger but I now realise that unless we actively make space for women they will remain invisible in the corridors of power.
Animal welfare legislation is coming home to roost for egg producers. Earlier in the week the EU Commission said it will press ahead with banning conventional caged eggs from January 1st, 2012.
Apparently EU consumers don’t want to eat eggs from caged birds, even though across the EU at the moment, half of all eggs are still produced in the conventional (cost effective) system.
It is estimated by the industry that some 30pc of hens will still be in conventional cages by the January 1, 2012 deadline. This would mean a staggering 100 million hens - producing 85 million eggs per day effectively being “illegal”!
A mere 15 months from now there could be 85 million eggs on that day alone that cannot be sold legally in the EU. The annual figure would be 33 billion eggs! What will happen to these eggs? Will they be dumped - where and how? I can just see the justified public outcry if this amount of eggs are destroyed because they cannot be placed on the market.
It also raises the problem of production costs. These higher standards push up the costs of production for egg producers, yet egg product from outside the EU produced by hens crammed into even smaller spaces will come onto the market and compete with the higher cost EU eggs.
This is a real problem when it comes to processed eggs used in the food industry where the origin is unclear to consumers. We may well end up eating fresh eggs from more welfare friendly systems after 2012, but importing egg product for the food processing/catering sector from less animal welfare-friendly but cheaper production systems, with its impact on the Irish economy and jobs. This anomaly highlights the need for recognition to be given, at global level, to the EU's higher production standards and for protection to be provided to EU producers for meeting those standards.
On Friday afternoon as the sun split the stones I visited the site of an archaeological dig at Annagassan, Co. Louth. The Vikings visited this area many moons ago and the experts are trying to locate the place and extent of their settlement.
It is amazing to see the detailed work of the archaeologists and their painstaking work in digging deep into the earth to find traces of the long distant past. |