Make your voice heard: Response needed from ECB on Anglo Irish Debt Burden

makeorbrake · 23-01-2012 07:57PM #1

At last weeks Troika press conference, Vincent Browne tried on numerous attempts (despite the best efforts of an irish official to block him) to get an answer out of the ECB representative - as to why ordinary irish people were being forced by the ECB to pay for unsecured debt related to Anglo Irish Bank - for the benefit of French and German banks. He got NO answer.

The Ray Darcy Show on Today FM picked up on it this morning. They have set up a standard mail - that will go out to Klaus Masuch - demanding him to provide the people of Ireland with an answer to the question that Vincent Browne put to him a number of times at last weeks press conference - but flat out refused to answer.

Here is the link to the standard email that they will send out to him - all you have to do is input your email address and click on 'send' ...simples

LINK.

It will take all of 20 seconds of your time - and I think we have a right to an answer to that question!

Crazy Horse 6 · 23-01-2012 08:00PM

It wont work pal. Most Irish dont care about the nation or whats going on. Sad but true.

dahamsta · 23-01-2012 08:03PM

I do. Do you? If so, what's to be lost by filling the form, a minute of your time?

tayto lover · 23-01-2012 08:05PM

I beg your pardon but I care and will also fill the form.

RO 06 · 23-01-2012 08:08PM

done

Iamhere · 23-01-2012 08:09PM

done

quaalude · 23-01-2012 08:12PM

Done

makeorbrake · 23-01-2012 08:15PM

Crazy Horse 6 wrote: »

It wont work pal. Most Irish dont care about the nation or whats going on. Sad but true.

I understand the frustration - but it's only an investment of 20 seconds - I wasn't exaggerating on that one...in fact, I'd go so far as to say it could probably be done in 5 seconds!

Now - even with NO EXPECTATIONS - there isn't anyone who can't afford 5 seconds of their time!

Cork boy 55 · 23-01-2012 08:16PM

Done in 4.5807 seconds :P;):o

Jenroche · 23-01-2012 08:19PM

Done!

droicead · 23-01-2012 08:21PM

done

irishh_bob · 23-01-2012 08:34PM

done

Pope John 11 · 23-01-2012 08:41PM

done

johnnyskeleton · 23-01-2012 08:42PM

The question makes no sense. Either it was for the benefit of the French and german banks and he therefore answered his own question or else it wasn't and the premise of the question is flawed.

As to why the Irish people should pay, it's because our government committed us to pay and then blamed Europe and the lazy electorate agreed with this. It is a bit like a doctor arriving to treat a self inflcted wound being asked by the patient why the doctor let him do that to himself. No wonder the ecb rep was baffled.

RichardAnd · 23-01-2012 08:58PM

It may do nothing at all but for what it's worth, I'd rather let it be said that we tried.

Email sent from me.

makeorbrake · 23-01-2012 09:25PM

johnnyskeleton wrote: »

The question makes no sense. Either it was for the benefit of the French and german banks and he therefore answered his own question or else it wasn't and the premise of the question is flawed

We ALL know this - but we need him to admit to this.
And in that sense, the question makes perfect sense. Furthermore, VB had a follow up question which he intended to ask - but having got no answer to the first question, that never transpired!

johnnyskeleton wrote: »

As to why the Irish people should pay, it's because our government committed us to pay and then blamed Europe and the lazy electorate agreed with this.

Running the risk of taking this off topic - but they were elected with a clear mandate NOT to pay out to bondholders - and they have done the opposite. In their defence, the comments by Leo Varadkar at the weekend - where he explained away that he/they were threatened by the ECB that they could burn bondholders if they wanted - but if they did so, it would be the financial equivalent of dropping a bomb on Dublin (i.e. they(ECB) would make sure it had serious consequences for Ireland).

makeorbrake · 23-01-2012 09:26PM

RichardAnd wrote: »

It may do nothing at all but for what it's worth, I'd rather let it be said that we tried.

Email sent from me.

It cost you nothing except for 5 seconds of your time...;-) ....so well done.

Dannyboy83 · 23-01-2012 09:26PM

Sent one and shared it on facebook.

Anything we can do to make life uncomfortable for them is a bonus really.

gerryo777 · 23-01-2012 09:29PM

Done, twice.

force eleven · 23-01-2012 09:33PM

Done. Why the hell are we paying this back?? A gambling debt that went wrong, and now Varadkar trying to justify the unjustifiable with threats of doom and armageddon. Iceland told the bondholders to get lost and guess what? They are recovering, getting back on their feet. People need to wake up at the complete and utter immorality of this.:mad:

bbam · 23-01-2012 10:31PM

Cork boy 55 wrote: »

Done in 4.5807 seconds :P;):o

Your missus must be so happy :P

makeorbrake · 23-01-2012 11:11PM

force eleven wrote: »

Iceland told the bondholders to get lost and guess what? They are recovering, getting back on their feet. People need to wake up at the complete and utter immorality of this.:mad:

+1

Icepick · 23-01-2012 11:31PM

We have to pay because too many people voted for FF, who made the criminal decision to pay it.
We have to pay because Ireland has a huge deficit that cannot be covered by gvt revenue.

But hey, let's all blame ze Germans and pretend that sending spam email will help.

And BTW, those evil bondholders you want to burn may turn out to be your pension fund or credit union.

makeorbrake · 23-01-2012 11:52PM

Icepick wrote: »

We have to pay because too many people voted for FF, who made the criminal decision to pay it.

Although they ARE very much related, you are nevertheless confusing two things. i.e. the bank guarantee and the decision whether to burn or not to burn bondholders.

Icepick wrote: »

We have to pay because Ireland has a huge deficit that cannot be covered by gvt revenue.

A real problem (in fact, a much bigger problem) - but unrelated to this subject.

Icepick wrote: »

But hey, let's all blame ze Germans and pretend that sending spam email will help.

Lets get a bit more specific. Should he or should he not have answered the question that was put to him? I believe he should. Clearly, judging by the other posts on this thread, others are of a similar mind.

Icepick wrote: »

And BTW, those evil bondholders you want to burn may turn out to be your pension fund or credit union.

Why shure....they might.....when we are NOT allowed to know EXACTLY who they are!!

Scofflaw · 24-01-2012 12:00AM

Since the ECB's answer seems to be relevant to the discussion, but doesn't seem to get discussed:

Masuch: “… and I answered it. I can understand that this is a difficult decision to be made by the government and there’s no doubt about it but there are different aspects of the problem to be, to be balanced against each other and I can understand that the government came to, came to the view that, all in all, the costs for the, for Irish people, for the, for the stability of the banking system, for the confidence in the banking system of taking a certain action in this respect which you are mentioning could likely have been much bigger than the benefits for the taxpayer which of course would have been there. So the financial sector would have been affected; the confidence of the financial sector would have been negatively affected, and I can understand that there were, that there was a difficult decision but that the decision was taken in this direction.”

Bankerese, certainly, but perhaps worth mentioning.

cordially,
Scofflaw

makeorbrake · 24-01-2012 12:06AM

Scofflaw wrote: »

Since the ECB's answer seems to be relevant to the discussion, but doesn't seem to get discussed................Bankerese, certainly, but perhaps worth mentioning.

Absolutely - it is relevant. However, I think it should be considered within the context of that segment of the press conference. So people, please check this out HERE - and see if you feel that the question was answered to your satisfaction (as a taxpayer).

draward · 24-01-2012 12:10AM

DONE

Bannasidhe · 24-01-2012 12:14AM

Done.

skafish · 24-01-2012 12:28AM

Done. Twice, but it took a bit longer than 5 seconds.

But, hey, my missus is delerious:):):):eek:

Godge · 24-01-2012 12:31AM

johnnyskeleton wrote: »

.

As to why the Irish people should pay, it's because our government committed us to pay and then blamed Europe and the lazy electorate agreed with this. It is a bit like a doctor arriving to treat a self inflcted wound being asked by the patient why the doctor let him do that to himself. No wonder the ecb rep was baffled.

You are right. How do people keep missing this? The FF government made its "cheapest bailout in the world" decision on 30 September 2008 on behalf of all of us against the advice of everyone else but now we want everyone else to pay. It is a bit like the drunk driver saying it wasn't my fault because they gave me free drink but I insisted on driving even though my sober friend told me not to but because he didn't drink and then drive, he should share my punishment because I gave him a lift home.

Scofflaw wrote: »

Since the ECB's answer seems to be relevant to the discussion, but doesn't seem to get discussed:

Bankerese, certainly, but perhaps worth mentioning.

cordially,
Scofflaw

That answer makes perfect sense to me but won't satisfy the crazy mob.

View · 24-01-2012 12:43AM

johnnyskeleton wrote: »

The question makes no sense. Either it was for the benefit of the French and german banks and he therefore answered his own question or else it wasn't and the premise of the question is flawed.

With the most obvious explanation being that the question was flawed but VB wasn't going to let a small issue like that stop himself...

Make your voice heard: Response needed from ECB on Anglo Irish Debt Burden

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