Tuesday 30 November 2010

Ireland's Debt Servitude

Telegraph
"Stripped to its essentials, the €85bn package imposed on Ireland by the Eurogroup and the European Central Bank is a bail-out for improvident British, German, Dutch, and Belgian bankers and creditors.The Irish taxpayers carry the full burden, and deplete what remains of their reserve pension fund to cover a quarter of the cost.This arrangement – I am not going to grace it with the term deal – was announced in Brussels before the elected Taoiseach of Ireland had been able to tell his own people what their fate would be."

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