Indeed!
Also the link to the current legal challenges in this article are outdated -
the Irish Government has pledged to halt the ratification of ‪the ESM‬ http://bit.ly/NlMv43 (IrishTimes )‬
and the President of German constitutional court has said the final decision on constitutionality of ‪#ESM‬ could be made by the end of 2012 http://on.wsj.com/OVYeLe (Wall Street Journal) – so the ratification could be on hold in fact until December in Germany

That’s an just not an intelligent posting. The funding provided to the Banks by the State was exchanged for shareholding and it is the invention of the Government to ensure the taxpayer gets a return. However a majority of Postings on this site are screaming daily for the Banks to write off Mortgage debt and increase the number of risky loans to risky businesses. Ye can’t have it both ways and still be PEED OFF.

If it is the intention of the government to make sure the taxpayer gets a return mark, how come they are handing billions from those banks to unguaranteed unsecured bondholders instead of putting it into state coffers?

Oh, yeah….confidence.

Instead of trying to sound like a FG press release, try reading what you post to see does it hold up to scrutiny. It does not.

More spin and lies.
The promisory notes could be written down without any funding from the ESM.
There will never be sufficent funding in the ESM to cover all the claims being made from it.
We’re being shafted here and our government are complicate in this.

Bad as Bertie – nobody could be that bad!

Who might that be – make me laugh !

So Mark your all right with talks about a €62 billion debt will only begin in September? Do you not think a bit more urgency should be shown?

troll

You’re right, Mark. This site is populated with petty-minded whingers and haters who see nothing but the worst in the work that the government or the EU or anyone else are doing to unpick the damage that FF did to this country.

Desmond, instead of whinging about the whinging (oh the Irony) perhaps you would like to divulge to the moaners the ” the work that the government or the EU or anyone else are doing to unpick the damage that FF did to this country”

Mark and Desmond are spot on – crowds of bleating sheep populate this forum, and indeed most others – here’s one for the nay sayers – nearly 4,000 jobs created since the start of the year !! Most of you would advocate that no good ever happens in this country, so how about that then ? Why not look upwards and forwards and not what has happened before – it is the future that matters, not the past !

And how many jobs were lost declan. And how many people emigrated declan. And how many jobs could the government have created with the billion handed out last week to unguaranteed unsecured bondholders declan.

What else you got?

Optimism

Good man. Make sure you get back to us when its accepted as legal tender so we can inform the people on the breadline.

@Declan. Delusion is not a solution!

Mark it is everyone’s right to complain , you are just another YES man , YES to our country being robbed, YES to massive loss of sovereignty, YES to plundering profitable state assets…..YES, YES, YES !! You would be very welcome in Brussels to be honest……..YES, will make you alot of money over there !!

If the Govt. and the EU will start to look at the reality that most of the Eurozone is in contraction or heading there, we fell 1.1% in first 3 months. That we have a debt liability twice that of Greece, and that an eventual solution will be a very large structured default. Ie spreading out repayments over a hundred years at a lower interest rate. That 700bn in the bailout funds isn’t even remotely going to be enough and no one believes otherwise.

Blind loyalism to FG/Lab and the EU doesn’t change the horrendous and unsustainable debt levels that affects much of the Euro zone and most of its banks.