Yes, and how many years are we going to have the huge additional losses of lost economic output (think €10+ billion PER YEAR) while mass unemployment is forced thru’ wrecking ‘austerity’ ideology ?

Debt is infinitely more ‘sustainable if we had the GDP (& ‘domestic’ GNP) at the level it should be. If the private sector cannot furnish the stimulus to growth, then it is the public sector’s role to do so. The Euro is a ‘fiat’ currency – no borrowing is needed to do this, and it can be done on a fair per capita basis across the Eurozone. By far the largest amount of trade is within the currency zone, so jobs will be created by spending in all countries within it.

The only reason not to do this is the neo-liberal agenda that seeks to use this crisis to crush the long standing strong social support model of Europe. Don’t let these ‘authorities’ get away with it.

Venezuela devalued their own currency this week. All Ireland remains is a bankrupt slave inside a rigid currency that is the Euro. Bring back the Punt where we could buy more Dollars for our Punt. We lost purchasing power by joining the Euro.

Will those who drafted and facilitated the bill be imprisoned for moving assets beyond the reach of the Quinn family? Just wondering!

This legislation should not have been passed until David Halls case on the legality of the promissory note was ruled on/. A lot of people will have egg on their face if it transpires that it was illegal.

It was short term thinking to get FG over the line for the next few years while making sure that we don’t and can’t burn the stakeholders by making this state debt

Lets vote on it, A referendum to accept or reject it? It is a Democracy, right?

scary to see the residents of a housing estate in wicklow being saddled with the debts of the developer who built it. they cant sell their houses as the council have put a charge on their homes, but yet the government can transfer 30 billion in debts onto the peoples backs

Deal???
Since when was converting unsecured debt from private, criminal, organisations into sovereign debt regarded as a deal Mr Honahan??

Remortgage can still be a good deal.

Yes Daniel, it can. But when one remortgages it is usually something that one owns and, well hopefully, gets benefit from……………. Would you take onboard your neighbours debts and remortgage your house to finance their debt? Ya would on yer b*llox

Kenny and Noonan “Negociating”????
Running around Europe telling everyone that “Ireland always pays its debts” and it “Ireland always pays the gambling debts of corrupt/criminal private organisations???
Public “Servant” Lifer Stoogeen Jobsworths

@: Max. Its worse than that. At least with a remortgage you get some benefit in return.

Take to the streets and not under the banner of corrupt ICTU! The Dublin protest was planned to make everyone disperse as soon as they reached Merrion square!

McGee
With your last sentence you demonstrate quit clearly a considerable incapacity to understand what happened las week and the complexities of the arrangement. Sometimes it is better to hide ones ignorance for fear of it being laughed at.

*^^^ blah blah vomit inducing, stomach churning bile^^^^ pay no heed to the FG minister of puke.

“Sometimes it is better to hide ones ignorance for fear of it being laughed at.”

Says the troll who can only remark on what other people post because party HQ isn’t open on a Sunday to spoonfeed him an opinion.

Any chance you can hide richard/vincent?

@ Daniel
Remortgage??
Its not our debt
Its Seanie Fitz’s and Fingers Fingelton’s Bookies Tab.
Let them face the music for their crimes.

You know whats worse?
Its that there’s another €30 odd billion from AIB,PTSB,EBS to go this way (not to mention BOI).

Basically our “fine leaders and protectors” have put you and your children and your grandchildren and probably your great grandchildren up as collateral for Seanie Fitz’s gambling debts.
A Deal???
This is a Fraud!!
Prepare your families for living in an eternity of unsustainable debt, just because our leaders were Bought Out Europuppet, Spineless, Stoogeens Slugging Ale Down Their Snouts In The Dail Bar.

“Can’t wait for the next recession”
“It will be great going into it knowing that we will be still carrying €60-€70 Billion of
Seanie’s (Anglo),
Gleeson’s (AIB)
Casey’s (PTSB)
Fingeltons (IN)
Goggin’s (BOI)
Gamling Debts.

Like it or not, our Government (i.e. we) guaranteed these debts. You can’t do a selective default (pay Billy and not Mary). It’s sh|t, but it’s the least worst option.

Oh my God. You boys are beyond boring. “It’s not our debt.” Like a bunch of kids roaring crying at the tills in Tesco, pulling a hissy fit, arms flailing, legs kicking out, tears streaming: “we won’t pay this debt! We won’t! We won’t! We Won’t!” Bad news. It’s done. It’s been done three years now. Nobody likes it. Nobody thinks its fair. Time to move on, minimise the impact and start the rebuild. Let me guess: “We won’t, we won’t……” Blah, blah, blah…

Easy on there now Vincent.
Please do not try to detract from the matter at hand or cover up for corrupt individuals and criminals.

The Irish Government and the Irish Courts have with out fail proven time and time again that they are willing to side with anyone except for the Irish people.

They have sided with disgusting psychopathic pedophiles in the clerical abuse travesty.
They have sided with slave drivers and people traffickers in the Magdelene laundries travesty.
They have sided with those who poisoned innocent people with infected blood and lethal poisons.
They have sided with dodgy faceless companies that poison the food and water supply.
They side with the Rapist and Murderers by giving them toothless suspended sentences and the others that are literarily allowed to walk out of (holiday camp) prisons in broad daylight.
They have sided with the thugs and armed robbers that roam rural Ireland in the dead of the night when they closed down small Garda Stations.
And last Wednesday they have done it again, by siding with the corrupt/criminal bankers and their hired thugs against the people of Ireland yet again.

Our “Fine Intelligent Schoolteacher Government of Well Schooled Scholars” should have had a word with MABS before they sold their people off as slaves.
http://www.independent.ie/unsorted/features/curbs-to-go-on-hardsell-celeb-ads-for-loans-to-poor-26409340.html

@gathering- yawn. I mean, yawn.

No wonder you’re tired Vincent! It’s 9pm and way past the bedtime of little boys. Now off the bed wit ya sonny, its time for the adults to talk

Ah here is rogers or dolan the FFlab stooges ,

@dermot- it’s actually FG in coalition with Labour. This is very basic stuff…..it was in the papers & everything.

Vincent, he’s more correct than you think. What is FG anymore,,, nothing but ‘Continuity FF’

OMG Gathering – how did this terrible Government seize power?

Bob, very simple answer. At a time of national crisis, they lied their rotten asses off to the public.

One quick example….remember this p*ick?! It’s only 30 seconds long, but you’ll get the point.

http://www.youtube.com/watch?v=5LTCT7QIeP8

@vincent pure waffle talk as usual. Still part of the fg propaganda machine.

dolan you need a team of psychiatrists round the clock working on you mate.

@duignan, Purcell, McGee- as anticipated…. Blah, blah, blah….

@duignan- just looked at your profile. It seems i have a stalker. While very flattered that you seem to be following me round the Journal, I don’t think you’re my type. I knows it’s lonely over there in Roscommon but are there not other websites where you can meet people?

Haha!!
A troll calling someone a stalker! dats funny shit

dolan do not know what makes people like you so dumb and brainwashed but it works.

Tesco? Shows where your priorities lie.
Are you not Irish? Why use a British supermarket in a taunt? Are you ashamed of the country you and your party sold out??

@mcgee- you know how to post someone who has no coherent argument to make on here. They accuse anyone who disagrees with their world view of being a troll. It’s pretty pathetic.

@leonard- why did you use Washington for your pseudonym ? Why not an Irish City like Dublin or Cork or Belfast? Are you embarrassed about the country you talk crap about?

Ah vincent. Have i got your ire? Your right vincent, you are the wind in my sails. All that hot wind and pallaver by the way…

It’s certainly not my debt .If you think it is Vincent , please provide proof of contract ect

Tell you what Vincent. You take on the unsustainable debt. The rest of us will feed our families and look after the old and the sick.

No it’s not our debt you idiot. I’m not paying for corruption even if I have to go to jail for it.

The “deal” is a PR stunt. This government won the last election by using spindoctors and they will try to stay in power by using the same. They have turned borrowing that wasn’t the Irish peoples into a 40 year mortgage and are trying to promote it as a “deal”. With the help of a mostly compliant media I might add.

WHAT?!?!?!?!!?!!!!!!!!!!

But they said we wouldn’t need a second bailout, lying fcukers. It’s all one big con job.

I used to be a parrot.
I used to be a parrot
I used to be a parrot.

Hey look!! … The jackass thinks he’s a parrot! Hahaha

“Shut up Fool”!!!!!
Seriously you were talking to me???
*Sorry everyone else but this clown thinks he can float around articles and tell people to shut up and remove his reply button BUT he left his reply button on here* #InternetAngryMan

wasnt tellin anyone else to shut up, except you……..fool!

it was meant as a light joke, but it did come across badly, sorry fer upsetting you

Calm down there mate!

More like our eyeballs

yes but our underpants are on our head so its more debt than one would envisage

Sounds like someone’s on a promissory…