Ireland says NO! to bondholder bailout sign now

ON-LINE PETITION
In the decade of the so-called Celtic Tiger Irish banks borrowed billions, poured them into the property market, created a bubble of such enormity that when it burst, it destroyed the entire Irish economy, including the banks themselves. When those who had been foolish enough and reckless enough to lend those billions to those banks came looking to cash in their bonds there was precious little left, at which point the normal rules of economics should have kicked in the bondholders cut and run, negotiate their losses and move on to the next likely investment.
In September 2008 came the first intervention, a weak and ill-advised government panicked into a blanket bank guarantee; on November 28th 2010 the second intervention, that guarantee copper-fastened in a deal which will go down in history as one of the most dastardly deeds ever done in the name of the Irish people - under duress from the ECB, the then Irish Government signed a deal under which the private debts between the Irish banks and their various bondholders were transferred, in full, to the Irish people.
Immoral, unjust, unconscionable this was all of that and more. It was an unprecedented interference with the normal workings of the money markets, a decision that smacked more of empire than of community, a decision mandated by the ECB to protect the bondholders at the expense of the already seriously impacted Irish people. Threatened with withdrawal of all support, the then Irish government was basically blackmailed into signing the deal; the Irish people were never consulted, were simply saddled with a debt they had never themselves accrued.
We petition now for this deal to be undone; we petition for those bondholders to be treated now as they should have been treated then, with whatever consequences they have to suffer; at the very least, we petition for a referendum on this deal, that the Irish people may themselves decide whether or not its acceptable that they should now be saddled with this debt.

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Latest Signatures

  • 16 December 2015750. Rebecca Vaughn
    I support this petition
  • 14 December 2015749. Megan G
    I support this petition
  • 06 December 2015748. Henry L
    I support this petition
  • 04 December 2015747. Peter D
    I support this petition
  • 04 December 2015746. David N
    I support this petition
  • 27 November 2015745. Elaine Jacobs
    I support this petition
  • 24 November 2015744. Marian F
    I support this petition
  • 24 November 2015743. Mary O
    I support this petition
  • 22 November 2015742. Muireann R
    I support this petition
  • 19 November 2015741. Angeline B
    I support this petition
  • 18 November 2015740. Robert K
    I support this petition
  • 17 November 2015739. Ronnie B
    I support this petition
  • 15 November 2015738. Joss M
    I support this petition
  • 14 November 2015737. Robert B
    And when the rest of he country cops on that we habitually elect people who represent their own interest and vote FF, FG, Laabour and SF out we might get some where.
  • 13 November 2015736. David B
    I support this petition
  • 12 November 2015735. Alex L
    I support this petition
  • 05 November 2015734. Geraldine G
    I support this petition
  • 05 November 2015733. R O
    I support this petition
  • 04 November 2015732. Deirdre C
    В
  • 31 October 2015731. Mark G
    I support this petition
  • 26 October 2015730. Gareth B
    I support this petition
  • 10 October 2015729. Tadgh O
    Good on you
  • 09 October 2015728. Deirdre D
    I support this petition
  • 08 October 2015727. David C
    I support this petition
  • 07 October 2015726. Lyn Stafford
    i dont want to see my children lose out another day because of this.
  • 02 October 2015725. Siobhn M
    I support this petition
  • 23 September 2015724. Gavin C
    I support this petition

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Troy DuncanBy:
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Petition target:
Oireachtas na h-Eireann

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