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Thread: EU rewrites history - taxpayers not the first line of defence in bank bailout

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    Politics.ie Member Howya's Avatar
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    Default EU rewrites history - taxpayers not the first line of defence in bank bailout

    In a staggering vote-face Schauble claims that tax payers should not be hit first when bailing out banks


    Schäuble defends Dijsselbloem over Cyprus bailout

    we’ve always said . . . that whenever banks get into difficulty, then it is not, in the first instance, the taxpayers’ task to step in
    While in Ireland's case, some of the junior bond holders took a haircut, they were certainly not wiped out. And the senior bond holders were fully protected.

    So, on the one hand Cyprus is a "special situation" and yet on the other hand apparently the same underlying policy has always been in place - would somebody care to tell the Irish tax payer that?
    “Still paying, still to owe. Eternal woe! ” ― Paradise Lost, John Milton

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    Politics.ie Member Dublin 4's Avatar
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    The Irish Tax Payer is a "Special Case"

    A special case that can look for Legacy Debt Relief were the Sun can't shine either

  3. #3
    Politics.ie Member Sync's Avatar
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    /MOD/ There are multiple threads on this, from the main Cyprus 9.9% one to the "Who got a better deal" thread. /MOD/
    I'm living in America, and in America, you're on your own. America's not a country. It's just a business. Now f***ing pay me.

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