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Robbing the people to pay the bankers

category national | anti-capitalism | press release author Monday October 01, 2012 22:27author by Eugene Mc Cartan - Communist Party of Irelandauthor email cpoi at eircom dot netauthor address James Connolly House, 43 East Essex Street, Temple Bar, Dublin 2.author phone 087 9733414 Report this post to the editors

The choice facing our people is stark - emigrate, starve or resist.


1st October

Press statement:

Robbing the people to pay the bankers

The decision today by the government to hand over €1 billion to unguaranteed and unsecured AIB bondholders reveals once again the priorities of this government. It has put a greater price on looking after financial speculators than on the health and well-being of the Irish people.

This is another black day for our people. While the government hands over a billion euros, another 178 people will leave our country today—1,200 this week—the majority under twenty-five years of age. Our youth are flooding out of the country; so who is going to pay this debt?

This debt is simply unpayable, and repayment is unsustainable. We need to stop the haemorrhage of our people, and this can only be achieved by stopping the haemorrhage of capital, being thrown away in paying an unpayable and odious debt. We need to repudiate it now. The choice facing our people is stark - emigrate, starve or resist.

Statement ends.

Related Link: http://www.communistpartyofireland.ie
author by Tpublication date Mon Oct 01, 2012 23:56Report this post to the editors

See also this thread: Take Action On October 1st - No Billion Euro BailOut #YouAreNotaLoan

And the comment: Today every man, woman and child paid €220 to poor bondholders or over €500 per working person

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