Today Ben Gilroy had a short little interview with EastCoast FM. They kick off the interview with a mention of Constitution Halts Sheriff. Following on from this mention they ask Ben why he is of the opinion that the money being paid back to the bondholders is unconstitutional.
Ben Gilroy stated that it is because the debt is classed as an odious debt, and that under United Nations law, countries are not required to pay odious debts following the fall of the regime that incurred them.
EastCoast FM interview with Ben Gilroy:
The presenter asserts that we agreed to the payments. Ben Gilroy states that this is definitely not the case. Following the fall of Fianna Fáil, Fine Gáel made promises of “not one more cent”. This would mean that payments to the bondholders directly flies in the face of the mandate the current government received from the Irish electorate when they took power.
The interview closes with a mention of one of People For Economic Justice’s earlier talks in Tinaheely.
Few realise that it was in fact People For Economic Justice who uncovered the full list of bondholders of the now defunct Anglo Irish Bank.
As we are all aware, Fine Gael ran a very successful campaign during the 2011 election. This campaign ran on a platform that marshaled around one convincing and powerful phrase: “Not one more cent!”. This promise was broken in record time upon Fine Gael and Labour taking office, when the Government stated that the repayment of the bondholders was paramount to securing funding from the so-called Troika (meaning Threesome in Russian) of The European Central Bank, The European Union, and The International Monetary Fund.
This out-and-out lie was proven false almost immediately. There were NO provisions what-so-ever in Ireland’s bailout deal, which sets the requirement of the repayment of bondholders. In addition to this revelation, Enda Kenny and his cabinet stated on no uncertain terms, on more than one occasion, that not only were they planning on repaying 36 billion of the Irish taxpayers money to these bondholders, but that they did not even know who these bondholders were!
Without further ado, let People For Economic Justice clear up any confusion the Government may have about who the bondholders are.