EU approve Spanish bond default. EU abandon Ireland.

Sceala Philosopher Location: Dublin

Spain counts to the EU political masters because Spain is big enough to cause instant collapse of the EU.

So the EU relax the rules told to Ireland.
Spain's four nationalised banks will more than halve their balance sheets in five years, slash jobs and impose hefty losses on bondholders.
The measures are part of plans approved by the European Commission today.
They open the door for nearly €40 billion in euro zone bail-out funds for the state-rescued banks.

Spain counts because it's collapse would cause instant collapse of the EU itself.
Ireland must pay.
Spain allowed to let bond holders take the hit.
The EU today approve Spanish banks bond holders to suffer.

The only reason why the EU cares at all about Greece is because of the real risk of the domino effect of collapse.
Ireland Portugal Greece are treated the same, all were bankrupt by EU approved corruption. The ECB approved what went on, and told all the small nations populations to pay up for EU wide approved fraud and corruption.
Fraud banks like the Anglo Irish bank was approved by the EU.

Ireland was abandoned by the EU, bullied and ordered to pay up the bonds to greedy vultures, the likes of the Hedge fund low life's.

In Ireland hIghly salaried Political liars and cowards are covering up the basic truth of what went down, and now they are just laying down to their EU Paymasters.

Next week these traitors will make more cuts effecting the most vulnerable in Irish society. Children with special needs go without, targeted for cuts, while the same cowards continue to pay bond holders and vultures.

Maybe they are not just another crowd of untrustworthy common chancer's, willing to say what ever they think will get them elected.

“All I can say to the Irish people – some of whom may be watching tonight – is that if things go our way there will be a new government in six weeks time and the banks aren’t getting another cent,” he said at the time.

“Anglo Irish Bank is not getting another cent of our money and any bank coming to us looking for more money is going to have to show how they’re going to impose losses on their junior bondholders, on their senior bondholders and their other creditors before they come looking to us for anymore money. Not another cent.”

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Is that clear enough about what their word means?

Vincent Brown is highly paid to talk
Sinn Fein politicians the same.

Joe Higgins is about as honest as they (politicians) come, even so that still adds up to no hope.

These people will not change anything, they are part of the rotten system.

Ironically, the only credible hope for real change is the cuts these chancer politicians will try and impose.
There will come a point when the cuts start to have such adverse effect on peoples lives. Irish families and individual lives are going to be destroyed by uncaring EU lapdog politicians. Eventually people will feel forced onto the streets, to finally resist the immoral underwriting of EU approved fraud and corruption.

Spain counts because it is big enough to cause instant collapse.

Spain's four nationalised banks will more than halve their balance sheets in five years, slash jobs and impose hefty losses on bondholders.

The measures are part of plans approved by the European Commission today.

They open the door for nearly €40 billion in euro zone bail-out funds for the state-rescued banks.

Spain counts because it is big enough to cause instant collapse.
Ireland must pay.
Spain allowed to let bond holders take the hit.
The EU today approve Spanish banks bond holders to suffer.

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EU approve Spanish bond default. EU abandon Ireland.

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