Why Fine Gael's "chicken little" act doesn't add up.

Brian Hayes, junior minister for propoganda

Does this sound familiar "If we don't do this, we'll be out of the EU,
and we'll be back to the days when we had nothing"?  
Nice? Lisbon? Yes, they trotted it out then, and before, and they are reheating this "chicken-little" scare tactic once more.

The latest is junior minister Brian Hayes telling us that we must
"clear the debts or go back under Britain's skirts."
Apart from the foolishness of playing the 'Britain card' so soon after
the visit of Lizzy Windsor, the threat was rubbish.
The Minister managed of course to present the only options as paying off all the debts, including those of the zombie banks, or leaving the euro, losing our sovereignty (as if it was being bravely defended now).
This is utter crap, which is nothing new from politicians, but it is also dangerous.
This country should not pay for bankers debts, and also CANNOT pay for them, not unless it is forever strung out, by 'deals' that piece by piece privatise everything possible, while reducing living standards to something similar to Poland or Turkey.   

Time to stop dithering, and do what the people AND the markets want

The more it drags on the worse it gets. Ireland is facing savage cuts followed by insolvency, and the rest of the Eurozone is looking like a house of cards.


It's time this government grew a spine and did the right thing.


Burn the holders of bonds in the zombie banks. Just do it. Merkel wants us to do it, the IMF wants us to do it, the markets want certainty, so they can move on.  And everyone knows that the Irish people don't want to pay off the debts of banks, to people we didn't borrow the money from.


We've already paid out over 60 billion euros to bank bondholders, and according to figures available on namawinelake and bondwatch, there's at least another 64 billion that expires soon. How can we pay that? Borrow from the markets at 14% to pay off bonds that the state didn't even issue ? Even if the Greeks think we are sheep, we can't be THAT obedient can we?

Let's find out.