Wednesday 25th January
With the country in dire straits, we’re handing the equivalent of Ireland’s entire primary school budget to bondholders. This must end, writes Andy Storey in TheJournal.ie
Tuesday 24th January
“As in many other countries hit by debt crisis over the decades, Ireland’s people are starting to fight back. Activists from thinktanks, community groups, trade unions and international campaigns have launched a campaign calling for a suspension of the Anglo payments.”
Monday 23rd January
Nessa Ní Chasaide from Debt Justice Action responds to Minister Leo Varadkar’s claims that making the Anglo payments are in Ireland’s best interests, and that the money used to repay Anglo debts has no connection with austerity cuts.
Wednesday 18th January
John Bissett and Michael Taft discuss the new campaign to suspend the Anglo debt and negotiate a full writedown.
Andy Storey is interviewed by Mary Wilson. Segment starts at 55 mins in.
Andy Storey outlines why we need to stop the Anglo payments.
“A coalition of trade unionists, faith groups and international debt relief campaigners, called Debt Justice Action, is highlighting the social costs of keeping up repayments on the bonds of Ireland’s bailed-out banking sector.”
“The group denied that the suspension of Anglo payments would spread contagion through the European financial system as most of the Anglo debt is owed to central banks and Anglo is an isolated problem from the so-called Irish “pillar” banks”
“A pause while we get a write down and stop rolling over and paying debts that are not ‘ours’ would be in line with the policy of both parties in government before the last election. Not that they seem to remember that. It is high time that they were reminded.”
“This payment… is almost exactly equal to the cuts of €475m to Social Protection, €543m in Health and €52.9m in Overseas Aid, and “savings” of €132.3m in Education announced by the Government over the course of two budget days back in December.”