Yet the idea that taxpayers should bail out senior creditors of massively insolvent banks at such risk to the solvency of their state is both unfair and unreasonable. If the rest of the EU is determined to protect senior creditors, it should surely share in the cost of doing so. Why should the taxpayers of the borrowing country pay all? The new Irish government should make this point firmly.
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FT.com / Comment & analysis / FT Columnists - Ireland needs help with its debt To everyone who wonders what happens when the Corporations effectively take over a country and a continent please take a look at Europe and specifically Ireland. Irish citizens got SCREWED in this Corporate bailout. I truly hope the Irish tell the EU-ECB to go to hell. It’s about time something, someone truly stood up to the Corporatist agenda in a meaningful way. |
