Campaigners say promissory deal is a political stroke and a lost opportunity

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Press Conference & Event Notice: Friday March 30th 2012, 11.15am, Central Hotel, Exchequer St, Dublin

The ‘Anglo: Not Our Debt’ Campaign, which includes a wide range of community, global justice and other organisations, will hold a press conference tomorrow Friday 30th March at 11.15am at the Central Hotel Exchequer St, Dublin.

The press conference will be followed by an event at 12.30pm outside the Department of Finance where the campaigners will hand in nearly 7,000 signatures supporting a write down of the Anglo debt, addressed to the Minister for Finance Michael Noonan T.D.

The campaigners will also hand in the petition at the Fine Gael Ard Fheis at the Convention Centre, Dublin at 5.30pm.

During this day of events this broad based campaign will describe the proposed deal on the deferral of the €3.1 billion Anglo ‘promissory note’ payment due on Saturday as a “political stroke” that does not address the real issue and that squanders an opportunity to write down an illegitimate debt.

The campaigners highlight that the €3.1 billion payment that was due to be made by the state on behalf of Anglo on March 31st 2012, and now scheduled for repayment in 2025, would fund the cost of running Ireland’s entire primary school system for a year.

Anglo: Not Our Debt campaign is supported by the Debt Justice Action network, which consists of the following organizations: http://www.notourdebt.ie/supporting-organisations

A simple ‘questions and answers’ document on Anglo debt can be found at http://www.notourdebt.ie