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TWO GOVERNMENT MINISTERS have insisted that talks with the European Central Bank (ECB) to reach a deal to reduce Ireland’s bank debt will continue despite a report that the ECB had ruled out a key Irish proposal.
The Reuters news agency reported yesterday that the ECB had ruled out the prospect of Ireland issuing a long-term government bond as a replacement for the promissory notes given to the former Anglo Irish Bank, citing EU treaties.
The government has spent months seeking a deal to write-down the cost of the promissory notes which as presently constituted will mean that the State pays €3.1 billion every year for the next ten years with the next payment due on 31 March.
Communications Minister Pat Rabbitte told RTÉ Radio’s Marian Finucane programme, that there was “no basis” for the Reuters report and said that discussions were ongoing.
“It is not the case that the discussions have concluded… the discussions are going on but I believe they will be concluded and they will be concluded before the 31 March,” he said.
His government colleague, Transport Minister Leo Varadkar, acknowledged later on The Week in Politics on RTÉ television that there was no agreement reached as yet between Ireland and the ECB’s governing council.
“They weren’t rejected, there was no breakdown but there certainly isn’t an agreement yet,” he said.
Varadkar said there had been some issues that needed to be worked and said that government was still hopeful of a resolution that would mean Ireland avoided paying out €3.1 billion at the end of March.
“There was no rejection, there was no breakdown [in talks with the ECB]. There are issues that need to be changed, and issues that need to be agreed on,” he told the programme.
Meanwhile, the Sinn Féin president Gerry Adams said that the government was “spinning” the discussion on a bank debt deal on an “ongoing basis, usually without substance.”
He said that the government should tell European partners that it will not pay the promissory notes – a move that many would view as being tantamount to a sovereign default.
“This debt is Fianna Fáil’s legacy to the Irish people. It is not our debt. It is a hangover from the days of the golden circles,” the Louth TD said in a statement.
“The main plank of our negotiation should be that we cannot pay the promissory note. That should be the basis of our negotiations with the ECB.”
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It’s really simple: Not renegotiated, not restructed, not converted into another type of loan that we will have to repay anyway, not postponed, not extended, just NOT FÙCKING PAID. End of story, there is not one citizen in this country, outside of the government seats in Kildare Street, who belives that this is our (the Irish taxpayers), debt to pay. Refuse to pay it and whatever the consequences, we’ll deal with them. 3 billion a year until 2023, go fúck yourselves if you think that we are going to further impoverish prople any further to pay that for you, YOU made a bad punt, so YOU deal with it, not our problem, have a pint and get over it, you win some you lose some.
John like this goverment and the previous one they have declared war on its people ,the time has come to get them out before they do any more damage, put up your posters a vote for FF FG LAB GREENS is a VOTE FOR BANKERS AND BOND HOLSERS,
Well said John. Whatever “deal” is struck should be put to the people to decide on, one time only!
lads we are the reason any of these crazies think they will get away with forcing this debt on us!! if we had really stood up for ourselves at any stage over the last 4 years maybe we might have earned a little respect or fear from those in positions of power. they will never listen to us or do anything truly in our favour until they’re forced to do so out of fear
It is never too late
Sorry lads, it’s your legacy now too. Useless shower of w**kers!
Ah yes, more spin and lies! Lets keep spinning till we get our pensions, get the horses ready for the getaway!
The ecb’s governing council?a group of undemocratically elected leaders dictating to democracy’s…dangerous stuff happening in the world today.
Eamonn
No country in the world “elects” staff or management within their Central Banks. Indeed the vast majority are highly skilled and experienced people of necessity.
Given that position doesn’t your criticism of the ECB seem just a little bit silly! Could you imagine under such an idea that Jackie Healy Rea might run for Governor?
Oh dear oh dear oh dear.
Afraid you’re fighting a losing battle in here Mark… FG/LAB reputation is dissolving and has been for months. They’ll never learn to keep their mouths shut and to stop promising things they are not sure they can deliver. All of the favourable rates on Irish bonds have had the expectation of this deal built in…if this does fall apart Kenny, Gilmore et al will carry the blame for ever.
Sure, whatever.
We have been told by the eu we are not getting a deal and if we do it will be so slight it won’t make a difference and probably cost millions in “research” and “committees”
It’s never fxxking ending this crap , sick of the lot of them . Imagine what we could done with 3.1 billion.
What exactly do we, the tax payer, get for paying this 3.1 billion every year?
Oh yeah I forgot, we get to go around the place without the word Defaulter tattooed on our foreheads.
What a bargain.
We really should do something about paying pension after 2 years . . Its just not right . No matter what spin you put on it
We are the fools that let them get away wit it .
The NECK of these people thinking that this debt can be just strapped onto our backs as if we are a nation of subservient fúcking donkeys. If there is even an attempt to pay another 3 billion to these stoogies come March, we should immediately start rioting on the streets. Imagine what 3 billion would do for this economy if we used that for job creation.
John, We need to stop talking and start using our DEMOCRATIC Right to protest. The problem with this country is that there are so many armchair commentators here that nothing will ever get done and the Government knows this. The ECB and IMF have one agenda and that is to Bankrupt us, and the worst thing is, the Government knows this and still continue to sleep with every one of them. I for one will stand up and deliver and take the power from these Liars at a moments notice.
Neither the IMF not the ECB want to bankrupt us. They’re not that stupid. If they bankrupt Ireland, Ireland can’t pay back the bail-out loans and that hurts everyone. It has been said again and again at the European level that public sector salaries ( this includes TDs and ministers ) must be brought into line with eurozone norms before effective negotiation has taken place. The Irish government refuse to do this, so No Deal. It can’t be said that the IMF and the ECB have been duplicitous; they’ve pretty much stuck to their guns the whole time. The only surprising thing is that people are acting surprised, and that is duplicitous. The Irish government knows what they have to do to secure a deal, and they’re choosing not to do it. But they’re not being honest with their announcements to the Irish public.
Commenting here has been de facto proof that the commenter will do nothing constructive. Complaining is as far as it gets. Cynical I know, but…
But that’s the point, I could for example arrange a peaceful protest, get National Media attention and 3 people Might show up, the others are too busy in the pub or have some other excuse for failing to CREATE something new that will help them to change Ireland for the better
agree 100 percent
If it hasn’t happened by now it’s not going to happen. There have been so many attempts to get people to rally against this, but the organisers are essentially laughed at. I find it bizarre.
Wait and see what happens when the second bail out is announced! – nothing.
Well Mal, we have to start doing something and quit talking about doing it.
Check out this video on YouTube:
Really explains it and actually intelligent man worked on Wall Street so knows a lot more then any of us
I did, I left.
Didn’t Michael Collins leave too… Oh wait no, he fought to make us a Nation once again. Ah sure Ill do it meshelf
Tell us something we all knew ( well all of us except mr noonan)
Interesting piece on RTE radio today about how hospitals in Howlin’s constituency (Wexford) and Hogan’s (Kilkenny) were given priority over other hospitals. Interesting but not surprising. Nothing has changed in spite of the “we will do things differently” promises. And guess what – Reilly is involved here again. The sheer brass neck of these people.
Yes Iceland got it right,but you have to remember that they had their own currency. Still it’s not to late to ditch the euro and follow their lead and put the people who wrecked and ruined the country behind bars.
Interesting commentary here about Iceland, worth a read http://studiotendra.com/2012/12/29/what-is-actually-going-on-in-iceland/
Thanks for posting that Suzanne, it makes interesting (and sobering) reading.
That said, Iceland is doing a lot better than Ireland and there is at least the appearance of democratic decision making. It’s a scary article, but as I read it I still thought about how much worse off we are.
@censored – its a long read, but very much worth it. People are too quick to hold Iceland up as a total solution to our problems – however it was the blanket success that some people perceive. We should definitely take some of their actions on board, just not all of them
Roll out the poster boy of politics to try to gloss over the bearer of bad news. Very sketchy on the details as to the reason why. It’s akin to baked Alaska, mostly air and very little filling. Leo the time waster, we’ve heard it all before.
Thank you so much for funding the collapsed ponzi money scheme that we devised. We extract your wealth without question. Some of your leaders are genuinely ignorant of the slavery system we impose, others are aware and profit from it, as sentinels of our policies, for which we reward them.
We divide your nation and watch everyone fight for scraps. Keep in the dark. Watch TV. Drink alcohol. Read false and irrelevant economic reports in our media dispatches.
Thank you for making us wealthy beyond what we ever imagined. And remember what I say is complete laughable conspiracy theory.
I was hoping one of you idiots would show up here, a mason I’m guessing with your dirty all seeing illuminating eye. You worship Satan and have no moral compass upon which to sail. People are waking up more than you know and you will be beaten.
We are very close now to complete world control. You are far from beating us, indeed you are so sedated by our distraction systems that you can won’t even move from your couches. What a shame that there is no fight in you, I at times feel sorry for you and your complete hopelessness.
You are human livestock maintaining our global empire.
Pay all those taxes, fight wars for our benefit and absolutely do not seek out how our system really enslaves you.
We are very grateful for your compliance and non resistance.
Jesus, I replied.. To That? Firstly, if you were part of a Global Agenda, you wouldnt be here on the Journal you knob.. Look you can troll away but the Elite will not win FACT
Ockham razor; if it is a choice between conspiracy and incompetence to explain the world’s faults, go with incompetence, it’s equally valid and need less moving parts to explain. The great secret of the historical illuminati / priory of Sion / etc was photography; a big deal then but not worldshattering now. Whether pro- or anti- “shadowy rulers of the world”, it’s only indulging fantasism.
Oh Please Nicholas, it is on record that the Global Elite are part of a Secret Organisation and meet up in various cities around the world. Check out the Builderberg Group. That will tell you more than you need to know
Thank you Nikolas, you defend our slavery well with all of your postings on this forum. We are everywhere Clark, we reveal our plans on occasions as your are hopelessly lost.
We will see who goes where when you meet your maker and I meet mine :) good luck with that
These clowns are totally out of their debt in even trying to negotiate with central bankers. Laughable if it wasnt so f**king serious.
“No agreement but bank debt deal talks will continue, insist Leo Varadkar and Pat Rabbitte as they returned to sticking their fingers in their ears saying “LA,LA,LA,LA.WE CAN’T HEAR YOU,LA,LA,LA,LA”
It’s like the time Ireland went into the first bailout, everyone knew but they still sent out top ranking FF ministers to talk spin.
At want point will someone in power stand up for the people of this country!!
None of this Govt should be given a pension. They don’t deserve it. What they do deserve is the hangmans rope for betraying the public trust.
Democracy is our greatest tool for control of a nation. The plebs of a nation vote in the corrupt who borrow unlimited monies (we create from nothing) in order to stay in power at all costs. You bought into the bankruptcy of your nation when you voted to maximize your own financial gain. Did you vote for a public representative who would cut back your “entitlements”? The illusion of pleb voting power is why we rarely need to conquer a nation with military forces. Thank you for your blindness and compliance.
@ Clark – if “everyone” knows abut the Bilderburger Group then it’s hardly secret, is it? The Builderburger Group is an organisation that arranges regular meeting between the wealthy and powerful; essentially politicians and business leaders. If you see this as conspiracy, when you have to see the G8 meetings as a conspiracy also, albeit with a more restricted membership. Extend it out; a cabinet meet of a government, any government, must also be a conspiracy. Doctor-patient confidentiality enables conspiracy.
Let’s face it, the main reason that a certain kind of person believes in conspiracy theories is that they are not as wealthy, powerful and influential in their world as the believe they should be, and the belief that they delibrately being kept down by a cabal of “shadowy rulers” with hidden agendas is far easier on the ego than the more truthful “you’re not as wonderful as you think you are” or “life is unfair, them’s the breaks”.
The world operates on selfishness and self-interest at all levels. The Bilderburger group is just a larger version of a middle-class estate’s resident’s committee, seeking to make their environment as good for themselves as possible. That’s not a conspiracy. That’s just the world. And chances are, the type of person who rails against this type of administration isn’t angry because it’s unjust, they’re angry because they haven’t been asked to join.
Incompetant humans run the world, not occultists, satanist or reptilian shape-changers. The euro-crisis and the sloppy, disorganized to resolve the crisis, are far more a proof that there is no worldwide conspiracy than a proof that there is one.
I’ll give you kudos for not mentioning the “sly Jews who manipulate the masses”, but please be aware that the “New World Order” thesis will always fundamentally lead to that; a justification for anti-semitism, which is the intent behind the NWO thesis in the first place.
Toby whats your alternative to what the government is doin?? Id like an alternative thats not gonna plummet the country into a great depression
Naivety and ego based denial protects us from the outrage of masses.
R.A.W. was a good writer, and Umberto Eco’s Foucault’s Pendulum was a good read. The DaVinvi Code was a steaming pile of excrement. The reason for this is that the first two named above we’re deliberately written as a mix of farce and satire, while the third was a cynical cash-in trading on half-baked theories floating around the web.
I presume BI, our very own Master Mason of the Thirty-Third Degree, is well aware of this and up to the same thing. It’s a pity that he ( NWO acolytes are always “he” ) might be taken at face values.
And now I have to pull out the One Time Pad and report to my superiors…
We manipulate initiates with masonic degrees. We infiltrated their organisation long ago, only the few among them ascend to positions of illumination.
Sapientia Sapienti Dona Data. Shame about the infighting.
Why is it that National Media never actually report behind the reporting. Effectively what you in the journal do is much the same as Huff Post. Find some “facts” from a pre written story, write a story and promote it and whatever the people read they believe right. WRONG.. when did journalists lose true journalism, ie finding facts within the facts and digging deeper for a more informed story.
As we own all major media corporations who author the stories, your local media just repeat what we feed them. We pay the owners well and give them secret titles. Keep reading our false information, this is the only information you need.
You own nothing, but your facts are correct, I know this and many do too
Clark, there is no such thing as investigative journalism now. All copy and paste. But I will commend the journal on the leaks they had a few days back. Occasionally get a bit of a journalist trying to get to the truth, but more often than not, it’s copy and paste. Dig deeper, read between the lines, read from multiple sources and you may piece a few bits together.
So tweedledumb and motormouth are keeping the bullsh1t up.
More spin than the Black & Decker factory.
Talks in a nutshell:
Please take your boot off the back of our necks.
What part of NO don’t you Irish understand?
That is not what is really happening. If we were really being oppressed by foreigners the solution would be easy. But no, it’s just smoke and mirrors, a distraction to prevent the Irish sheepies from realizing we’re being skrewed by our own.
have your say