FG - burning election promises instead of Bondholders!

[SKELLY]

Fine Gael Manifesto - New Era 3.0

Fine Gael in Government will force certain classes of bond-holders to share in the cost of recapitalising troubled financial institutions. This will be done unilaterally for the most junior bondholders (owners of preference shares, sub-ordinated debt and similar instruments), but could be extended – as part of a European-wide framework – for senior debt, focusing on insolvent institutions like Anglo Irish and Irish Nationwide that have no systemic importance.

http://www.finegael2011.com/pdf/Fine Gael Manifesto low-res.pdf

Today at a meeting of German Bankers Noonan said the following:

Noonan said Ireland had committed “to ensure that there is no private sector involvement for Irish senior bank paper [bonds] or Irish sovereign debt”.“This commitment has been agreed with the EU-IMF Troika and is now the basis on which Ireland’s future financing strategy is built

Noonan assures German bankers: ‘Ireland will not burn senior bondholders’ · Business ETC


Another day another lie!!

The irony is the head of Pimco, is saying that it is wrong that they are being paid back in full and that it is not sustainable.

So now that the election promises have gone up in smoke its now time to burn taxpayers.


Note: the russian and iranian revolutions suceeded with only 2% of the population taking part.
This same figure is true of the arab spring were in the case of Egypt, population 85million, all it needed was 300,000 people in Tahir square.
Just a thought!!

[greengoose2]

Thread title of the year!

[Socratus O' Pericles]

Kenny urges elderly not to protest over health cuts | Irish Examiner

I couldn't be arsed opening a new thread about this but the chutzpah of the cnut!!!!!!!!!!!!!

[jetttxyz]

Thread title of the year!

I'd include the Labour manifesto, too...'Labour's way or Frankfurt's way'.

Would like to include Labour because they might be peeved at being 'left' out !

[greengoose2]

Kenny urges elderly not to protest over health cuts | Irish Examiner

I couldn't be arsed opening a new thread about this but the chutzpah of the cnut!!!!!!!!!!!!!

The loon is out of his mind! Maybe he's afraid of being embarrassed with the old and infirm scooting around the place in wheelchairs and on crutches.

[olli rehn]

It was all in the 5 point plan- just ask Enda about it !

[The Moth]

It was all in the 5 point plan- just ask Enda about it !

They should be taking a leaf from Korkys banner and flying a "LIARS" banner over the Dáil.

[LDF]

Fine Gael Manifesto - New Era 3.0

http://www.finegael2011.com/pdf/Fine Gael Manifesto low-res.pdf

Today at a meeting of German Bankers Noonan said the following:


Noonan assures German bankers: ‘Ireland will not burn senior bondholders’ · Business ETC


Another day another lie!!

The irony is the head of Pimco, is saying that it is wrong that they are being paid back in full and that it is not sustainable.

So now that the election promises have gone up in smoke its now time to burn taxpayers.


Note: the russian and iranian revolutions suceeded with only 2% of the population taking part.
This same figure is true of the arab spring were in the case of Egypt, population 85million, all it needed was 300,000 people in Tahir square.
Just a thought!!

There is no discrepency in the quotes included in your post - one is a statement of FG's position (pre-election) and one is a restatement of that postion. I don't particularly agree with the policy but it is not an example of a "lie".

[SKELLY]

There is no discrepency in the quotes included in your post - one is a statement of FG's position (pre-election) and one is a restatement of that postion. I don't particularly agree with the policy but it is not an example of a "lie".

in the manifesto it states

(burning).... could be extended – as part of a European-wide framework – for senior debt,

Today Noonan has ruled that out emphatically

committed “to ensure that there is no private sector involvement for Irish senior bank paper [bonds] or Irish sovereign debt

They are not the same. Had FG stated they would ensure "that there is no private sector involvement for Irish senior bank paper" in their manifesto they would not have been elected.
It is implied in the manifesto that they would not burn unilaterally and would only do so on a european scale.
Merkal and Sarkozy stated long ago before the manifesto that there would be no write down on senior debt.


Hence they have lied.

Noonan is putting the interests of private institutions ahead of the irish people.

[viper999]

O we are some ar.se lickers we will ensure billionaire bonder holders get enriched from driving the living standards of the irish citizen into the ground. Im fully of the belief now that the this government has more loyalty to private investors that made rubbish bets, and the troika/IMF who are the enforcers of helping to increase unemployment reduce demand which in turn leading to mass emmigration. The leaders of this nation are spineless every bloody sentence that comes out of Kennys mouth includes" ina european context" so in other words im incapable of standing up for Ireland interests and im just a school teacher way out of my depth here!! Im in Europe building alliannces oh ya realy with who???? Its all sound bites no substance, id like to know one thing that FG has proposed in the meetings i reckon its, we talk you listen unimportant little Ireland! u hear oh we are playing our cards close to our chest then baldy says something like this,jesus id love a game of poker with him. there is more chance of us launching a space mission than paying private and soveirgen debts