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Showing posts with label Health service. Show all posts
Showing posts with label Health service. Show all posts

Wednesday, January 28, 2015

Donie's Ireland daily news BLOG update

Irish economy is not a model for other countries? says President Higgins

 

Citizens have paid ‘a very high price’, president tells tells Strasbourg assembly

President Michael D Higgins at the Council of Europe in Strasbourg on Tuesday where he delivered his address ‘The Future of Parliaments: Addressing the Challenges’.
Ireland should not be taken as a model for other countries struggling to overcome economic crisis, President Michael D Higgins said repeatedly on Tuesday during a day-long visit to the 47-member Council of Europe and the European Court of Human Rights.
“I don’t think the Irish Government is seeking to give lectures to members of the EU or the Council of Europe,” Mr Higgins replied to a correspondent from the Chinese news agency Xinhua who noted that Ireland now has the highest economic growth in the euro zone.
In the question-and-answer session following Mr Higgins’s address to the Parliamentary Assembly, a Turkish representative asked what was the secret to Ireland’s success.
“This adjustment has taken place with a huge sacrifice by the people of Ireland,” Mr Higgins replied, reiterating his allusion to the “narrow version of fiscal orthodoxy” that “seems predicated on a de-peopled economy.”
The Irish economy “is not a driverless car. It has citizens abroad who paid a very high price,” the President continued. “It is not appropriate to use Ireland as some kind of exemplar.”
Sunday’s election in Greece brought the far left anti-austerity Syriza party to power. Though he never mentioned Greece by name, it was writ large in Mr Higgins’s speech.
He called on parliaments “to muscle themselves into this debate, and to take it back from what I regard as unaccountable sources”. It was, he added, “a view that I share with Pope Francis”.
Emotional debate
Mr Higgins’s visit was almost sidelined by an emotional debate at the Parliamentary Assembly over the continued suspension of Russia’s participation in the Council of Europe because of its annexation of Crimea.
Anti-Russian protesters are encamped across the street from the council’s headquarters.
In his speech to the assembly, Mr Higgins called the war in eastern Ukraine “the disquieting return to our continent of grave geopolitical fractures, carrying disastrous human consequences”.
The Islamist attacks that killed 17 people in Paris earlier this month were another recurring theme. Like the war in eastern Ukraine, “new forms of fanaticism and conflict” pose “a profound challenge to democracy and social cohesion”, Mr Higgins said.
These new forms of violence “arise at the obscure intersection of global geopolitical tensions, individual trajectories and beliefs, and complex structures of social inequalities”, he continued.
In response to a question from Joe O’Reilly TD, a member of Ireland’s delegation to the Strasbourg Assembly, Mr Higgins said European countries “have neglected conversations with those who advance faith systems based on fundamental texts”.
“We have created a kind of void into which those who would exploit [youths] have moved like predators… We must be able to look at a stranger as someone with whom we share vulnerabilities – not as an aggressor.”
Political speech
Despite the care taken by Mr Higgins to avoid political controversy, it was a highly political speech, if one read between the lines.
In a veiled reference to dissatisfaction in the UK with the Council of Europe and the European Court of Human Rights (ECHR), which is part of it, the President expressed his “disquiet” at what he called “endeavours under way in some quarters that risk undermining the very legitimacy of both the court and the Convention on Human Rights”.
It was, for Ireland, “a very serious matter for concern”, Mr Higgins continued. “The European Convention on Human Rights must remain the cornerstone of human rights protection in Europe.”
Membership in the council and Ireland’s implementation of the European Convention on Human Rights “have been fundamental in consolidating the rule of law and supporting positive social change in Ireland,” Mr Higgins said.
Michael O’Boyle is the second-ranking lawyer at the ECHR, which employs 700 people and accepted its one millionth application last month. “This court has the most developed case law regarding human rights anywhere in the world,” Mr O’Boyle said after taking Mr Higgins on a tour of the court.
Ireland pays to have the proceedings of the ECHR webcasted on the internet, “an archive of hearings that plays a big part in law schools throughout the world”, Mr O’Boyle said.
“Ireland has always taken this court very seriously… There is absolutely no question mark regarding Ireland’s respect for this court.”

New mortgage 90% loans rule allow relief for first-time buyers

 

Banks to be able to lend 90% up to €220,000 as phase-in plans abandoned

The new 80% loan to value limit will be introduced for most borrowers, in a significant tightening of the current lending regime.
New mortgage rules announced by the Central Bank will allow first-time buyers some relief from the new 80 per cent loan to value limit.
For first time buyers, banks will be able to lend 90 per cent up to a value of €220,000. Above that the 80 per cent limit will apply.
The new rules, which are effective immediately, have been announced this evening.
The move will significantly reduce the amount of deposit which first-time buyers have to save when buying a home.
However, the 80 per cent limit will be introduced for most borrowers, in a significant tightening of the current regime, designed to protect banks and borrowers from getting into difficulties with future lending.
The Central Bank Commission decided on the new rules at a meeting on Tuesday. Non first-time home buyers will generally be restricted to borrowing 80 per cent of the property’s value.
A 70 per cent limit will apply for banks lending to investors purchasing buy-to-let properties.
Plans to phase in the new rules have been abandoned, with the higher limit on borrowings up to €220,000 designed to address concerns about the impact on first time buyers.
Under the existing rules – which normally allow a bank to lend 90 per cent of the value of the house – a first-time buyer would require a €35,000 deposit on a home valued at €350,000. Under the new rules this will rise to €48,000.
Had the 80 per cent limit applied to the entire loan, the deposit required would have been €70,000.
The changes follow a consultation period on the proposed new lending rules. Original proposals to impose an 80 per cent cap on all new home-buyers had met a wave of opposition.
The Central Bank said a certain number of loans – up to 15 per cent of loans by value for principal dwelling – could breach the new limits, offering some flexibility to lenders and borrowers.
Housing loans for borrowers who are in negative equity and who are obtaining a mortgage for a new property are not subject to the LTV limits and will be assessed separately.
The rules will also mean that people buying homes will face a limit that loans should not exceed 3.5 times income.
Again some exceptions will be allowed on this. Switcher mortgage loans and housing loans for the restructuring of mortgages in arrears are not covered by the regulations.
Central Bank governor Patrick Honohan said the measures would reduce financial vulnerabilities for lenders and borrowers.

Ireland rankings falls in international health service index

 

Ireland slips eight places to 22nd in 2014 Euro Health Consumer Index

Ireland is ranked 22nd in the 2014 Euro Health Consumer Index, down from 14th the previous year.
Ireland has tumbled down an international ranking of health services after its waiting list data was found to have lost credibility.
Ireland is ranked 22nd in the 2014 Euro Health Consumer Index, published Tuesday, down from 14th the previous year.
While overall healthcare performance in Europe has improved despite reduced spending in many countries, Ireland was one of the few states to lose ground.
The index says this is because it decided to use feedback from patient organisations in relation to waiting times rather than rely on official data.
It took this step after six years of persistent patient criticism, having decided the official waiting list data had “lost credibility”.
“Ireland is a strange artefact among the healthcare systems of northwestern Europe,” said Dr Arne Bjornberg, head researcher of the index.
“Patient empowerment is on the level ofRomania, waiting times as long as inSweden (which is bad!) and healthcare inequity is evident.”

‘Extreme dissatisfaction’

The fact so many Irish people have private health insurance in addition to their entitlements under the public system could be interpreted as “an extreme case of dissatisfaction” with the public system.
Dr Bjornberg said Ireland should take radical action to improve patient information and empowerment and reduce waiting to the level of other EU members.
While the level of hospital-acquired infection has fallen in Ireland in recent years, the improvement was not sufficient to escape a red score on this indicator, he said.
“Ireland has no longer a total ban on abortion, which is an improvement, but abortion still requires approval by people who are frequently [men aged] 50+ … This is a far cry from abortion being a woman’s right,” he also commented.
The index, which is compiled from a combination of public statistics, patient polls and independent research, ranked the Netherlands first, followed by Switzerland, Norway,Finland and Denmark.

VHI to cut prices on 7 of its lowest cost health plans

 

Move which will apply from March is a sign spiralling health insurance prices have eased

VHI IS TO CUT THE COST OF SEVEN OF ITS PLANS BY 3%.

The country’s largest health insurer, the VHI, is to reduce the price of seven of its lowest cost insurance plans.
The price of all its other health insurance plans is to be frozen, the company said.
VHI said the cost reductions would be up to 3% in some cases. The seven insurance plans to have their prices reduced are: One Plan Starter, One Plan Starter Day to Day, One Plan 500, One Plan 250, One Plan 150, First Plan Level 1 and Family Plan Level 1.
VHI chief executive John O’Dwyer said by focusing on savings and efficiencies the company was in a position to announce premium reductions on seven plans together with no price increase on any of our plans on the 1st March 2015.
“The business is performing well and over the last two years has delivered solid financial results. We continue to attract new business and our most recent offers have proved very successful and attractive to young families.
“Also, we are committed to continuing to drive an ambitious cost containment programme with a view to securing savings which can be passed directly to our customers.
This cost containment programme has focussed on a number of key areas such as reduced rates for consultants and hospitals, increased use of clinical indicators and clinical audit and the continued movement of treatment to the most cost-efficient setting. All of these factors are facilitating today’s price decrease.”
VHI said that a family of two adults and two children on its One Plan Starter Day to Day plan renewing in March could save €55 on the price they paid last year under the new reductions.
The company said there would be savings of €91 in the case of a family on its “Family Plan Level 1”.
Vhi also said it would put in place a half price children’s offer on four plans – One Plan Family, Parents & Kids Excess Plan, Teachers’ Plan Select and Nurses’ Plan Select — for customers joining or renewing these plans from 1st March 2015 until 30th April 2015.
Last November Minister for Health Leo Varadkar announced a series of measures designed to tackle the problem of rising health insurance premiums.
The package included a reduction in stamp duty, lower premiums for young adults, the previously announced introduction of Lifetime Community Rating and a reduction in the Health Insurance Authority Levy.
The Minister said his proposals built on Budget measures which included a freeze on hospital bed charges, and no decrease in the relievable amount for tax relief purposes

Cancer research advanced by scientists un-boiling Boiled Eggs

    

The struggle to find a cure for cancer could have received a huge boost from the most unlikely of sources, the boiled egg.

As Liz Neporent of ABCNews.com reports, scientists have found a way to un-boil hard-boiled eggs which could lead to advances in the fight against cancer. The common factor between cancer research and boiled eggs is that they use and contain proteins respectively.

Unboiled eggs: Researchers spin dissolved egg whites

As lead researcher Gregory Weiss explains, the proteins which egg whites consist off have a certain shape which changes when you boil them. “Once you boil them, the proteins stay intact but they change their conformation,” he said.
Weiss is a professor of chemistry and molecular biology at the University of California, Irvine, and his team have disproven the long-held belief that boiling an egg was an irreversible. Now they can recover and reuse the proteins by reversing the process.
The team first managed to separate the whites from the yolks before soaking them in a chemical called urea, which dissolves them. The whites were then spun at high speed in a machine called a “vortex fluid machine,” a process which returns them to their original state in a matter of minutes.

Vast improvement in reliability

The speed of the process will aid those who work with similar proteins in cancer research. Proteins are useful in the field but until now scientists have struggled to consistently make them unfold into the right format, with the majority of them turning out useless. Weiss and his team have discovered a simple way of returning them to their original forms which doesn’t take a prohibitively long time.
“We are already using it in our cancer research here,” Weiss said, and he hopes that the method will be used more widely in the near future.
Weiss also moved to head off any expectations of uncooking other foodstuffs, claiming that although it is theoretically possible, the team have not even tried to unboil a yolk. It should also be possible to reverse cook a chicken, but the result would be thoroughly unappetising.

Arctic PCBs may cause performance issues for male polar bears: says new research

Study finds PCBs weaken bears’ penis bones

  
As if they didn’t have enough problems, male polar bears now have to worry about this: PCB contamination that weakens their penis bones.

Climate change may affect the higher latitudes of the globe more than anywhere else on earth, putting habitats like that of the polar bear at risk.
And now a new study suggests industrial pollutants put the polar bear’s nether regions at risk as well.
That’s because wind and water-borne pollutants — polychlorinated biphenyls, or PCBs — have been linked to lower bone density in the polar bear’s penis bone.
PCBs, used for decades in hundreds of industrial applications such as paint, rubber production and electrical transformers, have been banned by a United Nations treaty since 2001.
But the chemical breaks down in the environment very slowly and, because of air temperatures and currents, concentrate at the earth’s polar regions.
Using a hospital x-ray technique, scientists from Denmark and Canada measured the bone density of penis bones — or the baculum — from almost 300 polar bears born between 1990 and 2000 from north-eastern Greenland and the Canadian Arctic
They then compared their data to locally recorded data of a range of harmful pollutants, finding a link between PCBs and lower bone density in the polar bear’s baculum.
They also found polar bears with higher PCB levels to have smaller testes.
The exact function of penis bones, which a number of mammals other than humans have, is not known, but the scientists suggest a weaker baculum could prevent successful mating.
“If it breaks, you probably won’t have a bear which can copulate,” Danish researcher Christian Sonne from Aarhus University said in an online article in the New Scientist.
The article quotes a biologist from the University of Edmonton, Andrew Derocher, who says the impact of pollutants are compounded on malnourished polar bears unable to find enough to eat because of habitat destruction.
“Skinny bears have higher levels of circulating pollutants, so the concern is that a polar bear that is nutritionally stressed may become more vulnerable to the effects of pollution at the same time,” he said in the article.
Sonne said he now plans to study the effect of food stress and pollutants have on evolutionary changes of the polar bear.
The study on bacula, published in the February 2015 edition of Environmental Research, points out that more research needs to be conducted before PCBs can be said to cause the lower bone density in the baculum of polar bears.   

Friday, August 17, 2012

Another Donie news Ireland update Blog


Brains and not brawn, the key for a successful knockout karate punch 'scientists say'
       
Brain power, not brute strength, may explain how karate experts can break bricks with a bare-handed strike, according to scientists who say years of martial arts training alter the organ's wiring.
Researchers in Britain compared the short-range punches of a dozen karate masters to those of 12 physically fit novices and found the black belts' secret lay not in muscle power but an ability to coordinate the peak velocity of their shoulder and wrist.
This allowed higher acceleration and a bigger impact force, the scientists say in the latest issue of the journal Cerebral Cortex.
The scientists then scanned the two groups' brains, and found that those who threw the bigger punch had changes in the structure of their white matter, which transmits signals between the brain's processing regions.
The longer they had been training, the more changes.
"The karate black belts were able to repeatedly coordinate their punching action with a level of coordination that novices can't produce," study co-author Ed Roberts of Imperial College London's medicine department said in a statement.
"We think that ability might be related to fine tuning of neural connections in the cerebellum (the part of the brain that governs motor control), allowing them to synchronise their arm and trunk movements very accurately."
Scientists believe that through the process of learning a skill, patterns of brain activity adapt as performance improves.
Now they believe they have also found proof of changes to the actual brain structure.
"This has implications for our understanding of the role of white matter connectivity in motor coordination," said the paper.

Dark chocolate 'may lower your blood pressure'

   
There may be good news for people looking for an excuse to munch on a couple of squares of chocolate after a review showed the treat could reduce blood pressure.
An analysis of 20 studies showed that eating dark chocolate daily resulted in a slight reduction in blood pressure.
The Cochrane Group's report said chemicals in cocoa, chocolate's key ingredient, relaxed blood vessels.
However, there are healthier ways of lowering blood pressure.
The theory is that cocoa contains flavanols which produce a chemical in the body called nitric oxide. This 'relaxes' blood vessels making it easier for blood to pass through them, lowering the blood pressure.
The 100g of chocolate that had to be consumed daily in a number of the studies would also come with 500 calories - that's a quarter of a woman's recommended daily intake”
However, studies have thrown up mixed results. The Cochrane analysis combined previous studies to see if there was really an effect.
There was a huge range in the amount of cocoa consumed, from 3g to 105g a day, by each participant. However, the overall picture was a small reduction in blood pressure.
A systolic blood pressure under 120mmHg (millimetres of mercury) is considered normal. Cocoa resulted in a 2-3mmHg reduction in blood pressure. However, the length of the trials was only two weeks so the longer term effects are unknown.
Lead researcher Karin Ried, from the National Institute of Integrative Medicine in Melbourne, Australia, said: "Although we don't yet have evidence for any sustained decrease in blood pressure, the small reduction we saw over the short term might complement other treatment options and might contribute to reducing the risk of cardiovascular disease."
High blood pressure is both common and deadly. It has been linked to 54% of strokes worldwide and 47% of cases of coronary heart disease.
However, chocolate packs plenty of fat and sugar as well as cocoa so is not the ideal way of lowering blood pressure.
Dark or milk?
There has also been a warning in the Lancet medical journal that dark chocolate may contain fewer flavanols than you might think. Dark chocolate contains a higher cocoa count than milk chocolate so should contain more flavanols, however, they can also be removed as they have a bitter taste.
Victoria Taylor, of the British Heart Foundation, said: "It's difficult to tell exactly what sort of quantities of flavanol-rich cocoa would be needed to observe a beneficial effect and the best way for people to obtain it.
"With most of the studies carried out over a short period of time it's also not possible to know for sure whether the benefits could be sustained in the long term. The 100g of chocolate that had to be consumed daily in a number of the studies would also come with 500 calories - that's a quarter of a woman's recommended daily intake.
"Beans, apricots, blackberries and apples also contain flavanols and, while containing lower amounts than in cocoa, they won't come with the unhealthy extras found in chocolate."

Thursday, June 21, 2012

Donie's news Ireland Blog Thursday


Irish Minister Fitzgerald 

sympathises with the families of children who died under the care of the HSE

Minister for Children and Youth AffairsFrances Fitzgerald at the launch of the report of the Independent Child Death Review Group at the National Library in Dublin. Photographer: Dara Mac Donaill/The Irish Times  

The Minister for Children has expressed her deepest sympathies on behalf of the Government and the State to the families of young people who died under the care of the Health Service Executive.

Ms Fitzgerald said the report showed a whole catalogue of failures, including a lack of proper co-ordination between State agencies, poor record keeping and a lack of proper risk assessment.
She said it was hard to believe child protection services were in such a state during the Celtic Tiger era.
She said the Government was attempting to ensure that the most vulnerable children received the very best services and that “change had begun”.
She said 262 social workers had been hired since the publication of the Ryan Report but that, due to the difficult nature of their work, retention of staff was difficult.
Many in care not given enough protection – report
The report concluded that the majority of children did not receive an adequate child protection service.
The ‘Report of the Independent Child Death Review Group’ recommends that a root-and-branch reform of the child protection system in Ireland is required.
It concludes that while many of the cases reviewed were deaths from natural causes, others were unnatural and may have been preventable.
The report covers the period 2000-2010 and 196 separate cases in which a child or young person died.
The report divides the cases into three distinct categories; those who died in care, those who died while in aftercare services and those who died who were known to the HSE.
Of these, 112 died as a result of non-natural causes, while 84 deaths were due to natural causes.
The report, by Dr Geoffrey Shannon and Norah Gibbons, found that many of the children had experiences and difficulties before coming into contact with the HSE, which are not encountered to the same extent in the general child population.
It says cognisance must be taken of this fact when evaluating the case summaries.
Child Death Review Unit recommended
The report recommends that a Child Death Review Unit be established and should be independent from the HSE.
It says this unit should automatically have the power to investigate the death of any child or young person in care or known to the HSE
The report also recommends that the operation of the in camera rule must be addressed so as to allow for transparency and accountability in the child care cases.
The group examined the files of 36 children who were in the direct care of the HSE at the time of their deaths. Seventeen of these deaths were due to non natural causes. Over 80% of the children were aged 14 or over.
It says ultimately and tragically the efforts to protect these children failed and a key issue to be emphasised is the vulnerability of the children.
The report says while good practice was adhered to in some cases, the fact remains that its application was sporadic and inconsistent.
It says earlier and more consistent good practice would have increased the chances that these children might have overcome their vulnerabilities, although it is not possible to conclude that their deaths would have been ultimately prevented.
In 12 of the 36 files, there was evidence of delay in taking the child into care. In many of the cases there was no care plan drawn up for the child. In 15 out of the 36 cases, there was evidence of a poor standard of record keeping and incomplete records.
The group also examined the files of 32 young people who were in aftercare at the time of their death; 27 of whom died from non-natural causes. Fourteen were killed in drug-related deaths and seven were suicides.
Concerns over the level of aftercare
In some cases no aftercare at all was provided to young persons who left the case of the HSE, which the report says is a very serious concern.
The report states that there is a fear that when young people leave the care of the HSE and go into aftercare that they are almost forgotten about.
The report also looks into the cases of 128 children and young people who were known to the HSE before their deaths – 60 of these died of natural causes, 68 died of non-natural causes.
It says that often the support offered by social workers to families is resisted by parents despite what might be in the best interests of the child.
It praised the work of some, saying that the persistence of individual social workers is to be commended.
The report says the lack of resources within the HSE to provide appropriate support and services to these children is evident. A particular concern is the lack of out-of-hours social work services.
It says these files demonstrate an evident problem with communications within the HSE and between the HSE and others.
The report also concludes that in many of the cases reviewed, the authors have noted the absence of the voice of the child.
There are notable exceptions but in many instances the professionals involved in the lives of many of these children have not recorded the wishes and feelings of the children.

Report findings ‘deeply disturbing’ – says Frances Fitzgerald

Earlier today, Minister Fitzgerald said the report shows what happens when children are failed.
She says what the report has found is a disgrace and it shows how crucial missed interventions can lead to childhoods destroyed and in some instances lives lost.
The Minister said the report shines a light on a dark, often uneasiness and tragic corner of Irish life and she believes that in any previous administration a report such as this might have been withheld or redacted.
She said the findings are deeply disturbing.
Gordon Jeyes, National Director of Children and Family services at the HSE, has welcomed the report.
He said it was a disgrace that the authorities did not know the number of children who had died either while in State care, or were known to child protection services in the past.
He said that that is no longer the case.
He remarked that children should be seen and heard and should not end up as a footnote.
He said the public scrutiny of this report will be detailed and he said this should be the case.
Mr Jeyes said disciplinary action has been taken in some cases but he would not say if anyone had lost their job.
He said he not “see the public benefit in answering that.”

IRELAND’S GDP per head of population fourth highest in Europe

Ireland ranked 4th in terms of GDP per capita among the 27 EU member states

  

IRELAND’S GROSS DOMESTIC output per capita in 2011 was 27 per cent above the European Union average, according to statistics released today.

The figures from Eurostat, the statistical office of the EU, show Ireland was behind just Luxembourg, the Netherlands and Austria in purchasing power standards.
Luxembourg has the highest level, at more than 2.5 times the EU average across 27 countries.
Finland, Belgium and Germany were between 15 per cent and 20 per cent above the average, while France and the UK were between 5 per cent and 10 per cent above.
Romania and Bulgaria, the newest members of the EU, were at between 50 per cent and 55 per cent lower than average.

Energy ministers Pat Rabbitte and Charles Hendry, MP agree to develop a

M.O.U. (MEMORANDUM OF UNDERSTANDING) ON RENEWABLE ENERGY TRADING

  

Yesterday Wednesday in London, Ireland’s Energy Minister Pat Rabbitte, TD, and the UK’s Energy Minister Charles Hendry, MP, met to discuss the development of renewable energy trading between the two countries, as well as plans to enhance gas market planning procedures.

As a result of this morning’s meeting, the two ministers have agreed upon a process to develop a formal memorandum of understanding (MoU) on renewable energy trading between the two countries.
The two ministers will be aiming to finalise the MoU by the end of the year.
Ireland’s Department of Energy, Communications and Natural Resources confirmed that officials from both sides will now be examining the market, regulatory and technical issues necessary to underpin the development of cross-jurisdictional renewable trade.
The East West Interconnector, connecting Ireland and the UK, is set to be completed later this year. It will aim to facilitate new markets for energy companies in both Ireland and the UK to trade electricity.
Today, Rabbitte and Hendry also agreed to further develop the common gas emergency planning framework between the two countries.

European Commission holds the key to any deal for Aer Lingus

  

For the third time in six years, Michael O’Leary has taken everyone by surprise by making an offer for Aer Lingus.

It comes less than a week after it was confirmed that the UK’s Competition Commission would investigate Ryanair’s 29.8 per cent shareholding in Aer Lingus.
This could force Ryanair to sell its stake, which dates back to late 2006 when O’Leary began hoovering up shares in the airline following its initial public offering.
Is O’Leary getting his retaliation in first in relation to this investigation?
Or is he trying to flush out interest in Aer Lingus given that the Government decided earlier this year to sell its 25 per cent stake?
Ryanair is significantly under water on its €400 million-plus investment in Aer Lingus shares.
It nothing else, O’Leary has put a floor of €1.30 on the stock, which has traded below €1 a share for most of the time since Ryanair’s last bid in 2008.
Etihad’s recent decision to buy just under 3 per cent of Aer Lingus offers the potential of a deal with a third party.
Bloomberg quoted Denis O’Brien, who owns more than 3 per cent of Aer Lingus, as stating that Ryanair’s move might be a “ploy” to initiate talks with Etihad.
However, European Commission rules prohibit Abu Dhabi-based Etihad from owning a controlling stake in an EU airline.
And the UAE carrier has so far signalled its interest only in the Government’s 25 per cent stake.
Etihad is taking a watching brief on Ryanair’s latest offer and won’t be bounced into any counter-move.
While O’Leary has decided to keep mum for now on the reasons for his latest bid, it seems he is quite serious in his renewed interest to acquire Aer Lingus. This is not a bluff.
How will he obtain commission approval, having been knocked back in 2007, a decision that was upheld on appeal in 2010?
This is not clear. If anything, Ryanair’s and Aer Lingus’s dominance in Ireland is greater now than in 2007. Figures from the Dublin Airport Authority show that in 2007, the pair had a combined 73 per cent of traffic in Dublin. In 2011, that figure was 80 per cent.
Last year, the pair had a combined 84 per cent of traffic at Cork and 64 per cent in Shannon, where US transatlantic operators account for a chunky part of the airport’s business.
Figures compiled by industry group Anna Aero show that Aer Lingus and Ryanair compete directly (the same airport) on 22 routes from Dublin and indirectly (different airports but serving the same destination) on 14.
There are 30 routes where they don’t compete.
Put differently, Ryanair competes either directly or indirectly on 73 per cent of the seats offered by Aer Lingus to Europe.
In 2007, the commission decided that a Ryanair takeover of Aer Lingus would create a “monopoly or a dominant position” on 35 routes affecting 14 million passengers and that the remedies offered by Ryanair – including surrendering certain routes to competitors – were not sufficient.
O’Leary will have to be a lot more creative with his remedies this time around if he is to change the commission’s view.
As my colleague in Brussels Arthur Beesley has discovered, the commission has only once before reversed a decision on a corporate takeover such as this.
This process could run for up to nine months and move straight into a phase two investigation.
Any change of heart by the commission will boil down to the remedies that O’Leary can offer. It will also hinge on whether other airlines will be willing to take up the challenge of operating the routes in Ryanair’s backyard that the airline gives up to secure approval for the takeover.
There is also the small matter of persuading the Aer Lingus board and its shareholders to approve a deal.

N17 accident in County Galway results in death of woman driver 

   

An elderly woman was killed in a road traffic pile-up on the N17 in County Galway this (Wednesday) evening.

Gardaí are investigating the crash which occurred at 4.45pm and involved four cars.
The incident occurred at what’s known locally as Cloonmore near the Headford Road junction three miles from Tuam on the Galway side.
The woman who was fatally injured is believed to be in her 60s or 70s, according to Gardaí. She has not yet been named.
At least three ambulances and two Fire Brigades attended the scene. Gardaí said a number of others suffered minor injuries in the collision.
The road at the scene was closed for several hours to facilitate a forensic collision examination of the area.
The collision caused long tailbacks along the N17. Traffic was diverted out the Athenry Road out of Tuam via Corofin.