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FGs 4 year plan

Spacedog · 2012-03-22 23:25:19

So how do you think the FG 4 year plan to economic stability is coming along? http://www.rte.ie/news/2012/0322/anglo.html FG plan to prevent paying Anglo bonds now, by converting them to new state bonds that won't have to be paid until 2025! this effectively moves the burden of the bailout debts on to the backs of our…

22-03-2012 11:25pm

#1

Spacedog

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So how do you think the FG 4 year plan to economic stability is coming along?

http://www.rte.ie/news/2012/0322/anglo.html

FG plan to prevent paying Anglo bonds now, by converting them to new state bonds that won't have to be paid until 2025! this effectively moves the burden of the bailout debts on to the backs of our children, long after current government ministers have retired.

I remember in Geography class in school, learning about 3rd world debt, where poor countries accept any form of aid without question in the short term, only to spend forever paying nothing but the interest.

I am also reminded of the 'Irish **** Bankers - An Irishman Abroad.' video on youtube. one of his comments was that we have "mortgaged the next generation in debt", at the time I thought it was exaggeration, today I figure he was right.

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