What a difference a day in politics makes!
Remember yesterday when Leo said we cannot burn bondholders because
Varadkar defends Govt payment to bondholders - RT NewsAsked why the bonds were being repaid, he said:"They are being repaid because the Government had to weigh up the costs on the one side and the risks on the other."There were, however, potential "serious costs" associated with not paying the money.
"This is a State company (Anglo/IBRC) and if we defaulted it would have implications for other State companies like ESB and Bord Gáis," he added.
Now today, we can face higher heating bills because Eamon followed the EU stance
Tnaiste admits Iran embargo may hit oil price - RT NewsMr Gilmore said there was no doubt that the embargo would have an impact on oil prices, but it was difficult to quantify just how much petrol, diesel and home heating oil would increase by.
"While this is clearly an issue for consumers, the expected price increase has to be weighed against the seriousness of the problem of Iran's nuclear programme."
Harrump! So the savings we were making yesterday on heat costs (by not burning unguaranteed bondolders) are being taken away today by supporting the sanctions on Iran.
Ah well, I've come to expect as much.



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