Debt Deal: Smoke and Mirrors, Bluff and Spin

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The Communist Party of Ireland stated that working people should not be fooled by the bluff and spin being carried out by the Irish governments and EU spin doctors.

This is not a deal that will change anything in real terms to the lives of hundreds of thousands of Irish families now struggle to keep a roof over their heads or put food on the table.

As we have pointed out for some time the Irish internal troika (Fianna Fáil, Fine Gael and Labour) representing the Irish economic elites, has been and continues to be  committed to paying this odious debt no matter what the cost to the people.  They see no other role for themselves other than as junior partners to the imperialist powers, witness their constant declarations of loyalty to the  European Union.  

They are happy to sacrifice the nation’s sovereignty to the  interests of the  capitalist class to the elites of our society.   The government is blatantly seeking to buy time, not a solution to the nation’s debt.  This deal serves the international finance houses, not the Irish people.

They have got themselves more time and perhaps a cosmetic victory of sorts, (accidentally or otherwise, in time for today’s march)  . The external troika  representing international finance capital has got what it wanted, Ireland immersed in debt slavery for an even longer time.

This supposed deal has copper-fastened the debt burden on the backs of our people and has simple transformed the promissory notes into sovereign bonds making it very difficult for the Irish people to reverse this debt slavery. Our destiny  as a people is now firmly locked into one of control and domination by the European Union and the ECB.

There is no solution but repudiation of this odious debt –  it is simple unpayable.  Permanent debt servitude means permanent poverty, permanent austerity for the Irish people.

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