Fine Gael – A Willing Hostage to EU Banks
Michael Noonan claims in the linked article in today’s Independent:
“Ministers have been seeking the deal to shift some of the cost of saving Irish banks on to the European rescue fund since June 2012”,
– But then they have been saying things like this for years now and nothing ever changes. The agenda of wealth transfer continues unabated.
It then goes on to say:
“And despite growing doubts about Ireland’s ability to secure the deal, he has remained bullish about pursuing EU help with the €40bn legacy bank debts, incurred when Irish taxpayers bailed out the system after its collapse in 2008.”
– Now the only way that 40 billion legacy debt will be expunged is, as I wrote in the website 3 weeks ago, if the heads of the EU project see a need to bail out the Federal leaning FG party ahead of a potential election crash. This would to need approval of all 27 countries and so this would be very much a behind closed doors deal because other countries will want favours from the EU in return.
Tellingly the story moots:
“The comments are the clearest signal yet that the Government is continuing to edge away from the prospect of securing the deal.”
– Frankly we don’t believe you any more Mr Noonan. In fact few people do. Even the economic commentators here have come to that realisation. Everything this and the previous government has told the people about the economy and the financial sector has been false, so don’t expect this or anything else to be different.
If Mr Noonan really is as powerless he intimates then perhaps the real question we should be asking is why are we staying in a political relationship with an EU that holds us hostage. Why are we not fully reviewing our relationship with this entity?
Simple answer is they don’t want to review the relationship. They are a willing hostage. The government are playing their part in a bigger plan.