Ireland's bailout deal is not up for negotiation

Fianna Fáil leader Micheál Martin has said that Labour must stop pretending that Ireland can renegotiate the terms of the IMF/EU rescue deal.

Speaking at the launch of his party's election campaign in Dublin this morning, Mr Martin said Labour's promises are false and dishonest.

He also said Eamon Gilmore's party are opposed to many of the policy plans put forward by its prospective coalition partner Fine Gael, which would only lead to a "tug-of-war government".

Mr Martin said that despite the commitments by Labour, it is not possible for Ireland to unilaterally seek changes to the bailout agreement.

"The idea that we can unilaterally renegotiate the programme is wrong, and that's what Labour is proposing," Mr Martin said.

"Not in the real world.

"Eamon Gilmore needs to be honest about this with the Irish people and stop pretending that you can postpone the corrections to 2016 and that everyone will accept it.

"Stop pretending that you can dictate to the ECB and everybody else."

Source: breakingnews.ie, February 2nd 2011

Submitted by Sullivan on Wed, 2011-02-02 13:28

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Mr Martin, now chief gobshite in the traitor's party, Fianna Fail, is being dishonest when he claims the deal can not be renegotiated.

First of all, Fianna Fail, which laughingly titles itself "The Republican Party" while being the prime mover behind the destruction of our republic, had no mandate to enter into this so-called "bailout" deal which will see generations of Irish people endure penury in order to further enrich the most  non-productive part of the economy, the banking sector.

Secondly, it seems Ireland was forced into this deal in order to save the interest-bearing debt-based currency known as the euro. Under law, a contract can be considered voidable if it is the product of duress, whether economic or otherwise.

If it turns out that Chopra and Trichet want to retain their usurious payback for the mere firing up of their printing presses and this deal can not be renegotiated, it could simply be shelved. The consequences of doing so would be no less catastrophic than saddling our people with an unpayable debt, despite the unsubstantiated and blatant fear-mongering of establishment mouthpieces like Michael Clifford in Ireland's (now in receivership) Sunday Tribune.

Iceland has already taken this step. It had the ability that has been heretofore lacking in Irish leaders (and their pet pseudo-journalists) to distinguish between sovereign debt and the private gambling debts of bankers.  As a result, Iceland's economy is the only one Europe climbing steadily out of recession.

Sullivan | Wed, 2011-02-02 13:47

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Tag Cloud