Upcoming Events

National | EU

no events match your query!

New Events

National

no events posted in last week

Blog Feeds

Irish Left Review
Joined up thinking for the Irish Left

offsite link New Books Worth Reading Mon Sep 19, 2016 23:25 | Seαn Sheehan

offsite link 13 Billion ? Lucky for some? Mon Sep 05, 2016 13:04 | Tony Phillips

offsite link Rebuilding Ireland: Long on Promise, Short on Detail Mon Aug 29, 2016 22:20 | Eoin O'Mahony

offsite link Brexit and Other Issues: Comments on the Current Situation Mon Aug 29, 2016 21:52 | Brendan Young

offsite link Bin Charges: From Private Circus to Public Service Tue Jun 21, 2016 12:38 | Michael Taft

Irish Left Review >>

Spirit of Contradiction

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

offsite link Fake News: The Epistemology of Media Wed Jun 07, 2017 11:52 | Gavin Mendel-Gleason

offsite link Officials and Provisionals Sat Apr 01, 2017 22:54 | James O'Brien

Spirit of Contradiction >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

NAMA Wine Lake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

offsite link Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake

NAMA Wine Lake >>

Failure to do deal on legacy bank debt will cost every citizen €13,553 each

category national | eu | other press author Monday January 21, 2013 03:39author by lefty Report this post to the editors

Interesting story in the independent regarding the promissory notes. The government is so worried that they have assembled a crack team of expensive lawyers (paid for by the people) to act against the interests of the people. Noonan, attendee of the last bilderberg meeting is apparently hopping mad that his new banking friends in Europe may have a problem getting all the billions of our money on time, which might require emergency legislation.

The independent is running this story which everyone should read. In my opinion It reveals the true loyalties of our servile government and shows whose interests they truly serve. Not ours!

Quote:
"
EVERY man, woman and child in Ireland will have to pay €13,553 unless Finance Minister Michael Noonan can obtain a deal on the promissory notes and on our legacy bank debt, newly compiled figures reveal.

Mr Noonan will travel to Brussels tonight to assume the chairmanship of Ecofin, the powerful committee of European finance ministers, with time running out for him to secure a "structural rearrangement" of the controversial €3.1bn annual promissory note payment, due in 70 days' time.

Mr Noonan, armed with the ammunition that Ireland has paid 42 per cent of the total cost of bailing out Europe's banks since 2008, now has near universal political support for a better deal for Ireland, but has yet to convince the implacable European Central Bank (ECB) to accede to his calls to reduce our banking debt.

Based on the shocking new figures, the Irish people are paying more than six times more per person for the cost of bailing out our banks than the European average.

The figures come as a legal challenge to the promissory notes deal – the Irish taxpayer pays €3.1bn a year for 10 years to the European Central Bank – which will be heard in the High Court next week, could force the Government to bring through emergency laws to legitimise the payments.

Senior legal sources have told the Sunday Independent that the Coalition will be faced with this politically appalling vista if they lose a court challenge being taken by businessman and mortgage arrears advocate David Hall."


Full article here
http://www.independent.ie/national-news/failure-to-do-d....html

© 2001-2018 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy