On November 2nd Ireland handed over €700 million to the unsecured bondholders of Anglo-Irish Bank. Over the next nine months, €3.5 billion in total will be handed over to individuals who received extra high rates of interest precisely because it was unsecured.
This is money that is being robbed from the hands of the weak and vulnerable of our society. If even a tiny fraction of it was spent on helping children with special needs there would be no need for cuts. If we fully stopped these unjust payments, there would be no need for the threatened budget cuts in December. If we invested in society rather than laid waste to it the atrocity of closed wards, closed nuring homes for the elderly, reduced services for the homeless, the hopelessness of mass unemployment, cuts in community budgets, could all be ended.
Latest posts by Paula Geraghty (see all)
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