$30 billion boost for Irish economy as Enda Kenny strikes deal on Anglo-Irish Bank

AN INDEPENDENT COUNTRY IN MY BOOKS MAKES IT OWN LAWS, GOVERNS ITS OWN PEOPLE AND MAKES ITS OWN BUDGETS ETC.. AN INDEPENDENT COUNTRY IS NOT DICTATED TO BY SOME GERMAN SPEAKING FOREIGN BODY AND TOLD WHAT TO DO AND WHAT THEY EXPECT YOU TO ACHIEVE ...ALL IN THE PRETENCE THIS IS WHATS GOOD FOR YOUR COUNTRY AND WE'RE HERE TO HELP YOU GROW ECONOMICALLY ...HAHA!!!! THE EU STARTED OFF AS A FREE TRADING AREA WHERE WE ALL JOINED TOGETHER .. WHICH WAS FINE..THEN WE COULD MANAGE OUR OWN CURRENCIES AND BUDGETS .. ITS NOW A 'DICTATORSHIP' WHERE WE ARE TOLD WHAT TO DO.. EVERYTHING INCLUDING WHO YOU CAN AND CANNOT LET INTO YOUR COUNRTY THEY EVEN CONTROL IMMIGRATION AND IF YOU TRY AND DEPORT SOMEONE FROM YOUR COUNTRY ITS VIRTUALLY IMPOSSIBLE WITH THE EU HUMAN RIGHTS LAWS.. IRISH PEOPLE ARE AFRAID TO DO ANYTHING NOW.. IT MAKES ME WONDER MY GRANDPARENTS WOULD TURN IN THEIR GRAVES FOR WHAT THEY FOUUNGHT FOR THEIR COUNTY... THEY ONLY HOPE FOR THE IRISH IS IF THE UK LEAVE THE EURO AND I FEEL THEY WILL .... THEN THAT WILL REALLY MAKE THE IRISH PEOPLE WAKE UP AND ACTUALLY SAY HANG ON WE HAVE ENOUGH... I HOPE THE UK LEAVE AND IM CERTAIN WE WILL FOLLOW THEM.. THATS OUR ONLY HOPE.. OTHER THEN THAT .. 10 - 15 YEARS FROM NOW OUR POPULATION IS GOING TO EXPLODE LESS JOBS AND A MUCH LOWER STANDARD OF LIVING BECAUSE NOBODY IS GOING TO BE WORKING AND EVERYONE IS SUCKING THE SYSTEM DRY ON WELFARE !!!

IRELAND IS NOW IN SO MUCH DEBT THAT WE LITERALLY HAVE TO BORROW BILLIONS OF EURO FROM THE GERMANS TO KEEO THE COUNTRY AFLOAT... IN THE 80S WHEN WE HAD A RECESSION THE PEOPLE WERE NO SO MUCH IN DEBT AND WORKED THEY'RE WAY OUT OF THE RECESSION.. NOW EVERYONE IS IN SO MUCH DEBT WITH BIG MANSIONS OF HOUSES THEY CANNOT AFFORD AND ARE NOW WORTH NOTHING.. WILL BE PAYING THEM OFF FOR THE NEXT 20-30 YEARS... AS REGARDS ALL THE ROADS AND SUBSIDIES WE GOT THAT VERY TRUE .. BUT WE ALSO GOT 1000S AND 1000S OF REFUGESS BEEN PUT INTO 3 AND 4 MILLION EURO HOTELS ALL PAID FOR BY THE IRISH GOVERMENT AND THE REFUGESS ARE STILL IN THOSE HOTELS TODAY.. WE ALSO HAVE TONS AND TONS OF EASTERN EUROPEANS ON WELFARE ROMANIANS POLISH BULGARIANS ETC ECT WE DIDNT GET THE DOCTORS LAWYERS, DENTIST WE GOT THE LOWER WORKING CLASS EASTERN EUROPEANS WHO COME HERE AND CAN CLAIM 5 TIMES ON WELFARE WHAT THE GET BACK HOME... WE NOW HAVE 1 IN 4 POLISH IN IRELAND LIVING ON WELFARE..LIVING IN LUXURY APARTMENTS AND 3 AND 4 BEDROOM HOUSES (I CAN GIVE YOU ADDRESSES ) :) WE HAVE OUR LOCAL NEWSPAPERS EVERY WEEK FULL OF EASTERN EUROPEANS DOING DRUG CRIMES, MUGGINS , AND COMMITING CRIMES ALL COSTING THE IRISH FREE LEGAL AID SYSTEM MILLIONS ...THE IRISH GOVERMENT ARE MERLEY PUPPETS FOR THE EU AND IM NOT A ONE OFF OPINION BELIEVE ME MOST IRISH I SPEAK TO FEEL THE SAME AS I DO... AND MOST PEOPLE IN THE UK FEEL THE VERY SAME EXCEPT THEY SEEM TO BE ALOT MORE VOCAL ABOUT IT THEN US !!!

Reading Stevenstar's contribution here makes me wonder if his interpretation of Ireland's current relationship with the EU is typical among the Irish electorate. Irish voters have been consulted regarding all major changes in this EEC/EU relationship since 1973, with the majority sanctioning such. Ireland gladly accepted EEC/EU aid over the past forty years for a multitude of infrastructure projects, farming subsidies etc. etc. If Irish voters were incapable of comprehending what it was they were voting for, perhaps it's time to require an IQ test prior to doing so. As regards being a 'laughing stock', I have read nothing but positive interpretations in the global media of Ireland's efforts to get itself out of the mess created by it's previous government, including last weeks promissory note deal. Ireland's cost of borrowing has plummeted from (I believe) 15.1% on 10 year bonds in July 2011, to around 3.5$ this week as a result of renewed confidence in these efforts. I realize that austerity measures required by the EU bailout, that was agreed to by the previous Irish government, have not been easy for 'the man in the street', but I am very confident that the benefits from these measures and others over the past two years will start to bear fruit in the near term.

WE IN IRELAND ARE TRULY ARE THE LAUGHING STOCK OF EUROPE.. THEY CANT EVEN MANAGE TO RUN A SMALL LITTLE COUNTRY WITH 4.5 MILLION PEOPLE IN IT .... IT MAKES ME LAUGH...WE ARE NOW RUN BY THE GERMANS AND THE EU WHO DICTATE EVERYTHING FROM WHO COMES INTO OUR COUNTRY AND WE NOW HAVE 1 IN 4 POLISH LIVING ON IRISH WELFARE TO WHAT THE NATIONAL BUDGET WILL BE EVERY YEAR... TO 100S OF NEW LAWS ..WE NOW HAVE SO MANY NEW EU LAWS WE'LL SOON NOT BE ABLE TO LEAVE THE HOUSE..EVERYTHING FROM EVEN THE SPEED LIMITS ON OUR ROADS ARE DICTATED BY THE GERMANS AND THE EU... HOW WE GOT HERE ILL NEVER KNOW... BUT IRELAND TODAY THANKS TO THESE IDIOTS LIKE ENDA KENNY IS A VERY VERY SAD PLACE INDEED... INDEPENDANT COUNTRY MY ? GOD LOVE US THEY COULDNT MANAGE A CHICKEN COUP !!!!

anglo, that would be including yourself I assume?

7 Feb 13 (Comment submitted to Irish Central today, and likely censored) While many would happily spit on the grave of Anglo-Irish Bank, as well as Irish Nationwide’s “appalling” portfolio performance, the honourable Mr. Gilmore’s comment ref. “…the Government is doing what the last government should have done…” is Not valid. The Irish Republic’s land collateral is predicated on Great Britain’s land reform of Ireland, to the total detriment of the Fitzgeralds and the O’Neills. The “Government” is extending this injustice to Ireland’s defenders of political freedom, social freedom, and religious freedom. The Republic’s governments (plural) are Not doing the work of economic freedom (a mirage in today’s global economy) or the work of genuine justice (a valid and achievable goal) for the wholesale confiscations of the Fitzgeralds and O’Neills’ lands. The Irish Republic, and the Irish people, are no longer a fledging enterprise. If such governing enterprise is able to negotiate and correct mega billion euro deals with leading European financiers, it is able to correct the (Great Britain’s) basis of its land collateral through the return of sizable lands.

I placed a comment here yesterday criticising Enda Kennys lies and the destruction of Ireland by his policies and wht was it deleted. Why have you not printed. I did not use abusive language. Ok then. I won't be commenting here any longer if that is the kind of censorship you are doing. What a waste of time commenting here. Easy known what side Irish central news is supporting. Ye are supporting the failed policies of Enda Kenny.

Thomas84-Respect...The Irish are servile moral-cowards sadly...

:-)

All this concern from these saintly people about the children. I will let you in on a secret. You voted for these people , you brought this down on us and with all your bluster about children what have you done for them. I suppose the protection of Ireland and its people should only go as far as whinging and crying on webstes ? .... I was at some of the protests about these things a long time ago and presntly an all of 50 people turned up. I wonder what you were all doing at that time, having few pints and watching a game maybe. Ireland has failed as a state for two reasons. first is because we have a corrupt political elite who sell every vestige of anything we have like its ther own private property, second and more importantly, we have a coward population who sit back begrudging the working man for pennies while getting down on their knees for enda kenny and his ilk. So carry on whinging and go to the next elections and vote for fianna fail but i tell you this, the reckoning for these events is coming. Those who would prove to be Irelands enemies will be held to account for their crimes.

Its quite plain that the Irish government consider this new scenario a good deal on the assumption that as one commentator said,they are betting on the value over the next forty years of the 20 Billion euro due will fall with inflation eroding the value and likely to drop to 5 billion euro with the passing of time,not a bad deal if they can pull it off,this is without the interest added and the likelyhood of the country's GDP rising substantially, assuming the worlds economy keeps on rising.

Screw the bond holders their risk their problem.Kenny telling the electorate you can pay over a longer period and we will not have to take as much from your miserable pockets.

A baby born today will still be paying back the crook bondholders when it reaches 40yrs old. The Bondholders will not lose one cent, gov. said "we have done away with the promissory note" not so, they have just changed the name and that is the European Central Bank who will not budge an inch now. Paying 24 billion slower means it will climb to 60 billion by 2050. We will be paying 2 billion instead of 3 billion plus every year. The way it reads on IC. makes it sound so rosy, but the irish people are raging over this. The people thought the government were working on a deal to finally cut the bondholders. Instead our children and grandchildren will be left an awful legacy. I'm alright Jack, and bugger the people, is exactly what this government have have done. They were trying to rush it through at midnight, most politicians only got a 10 min. glance at the papers. The arguements went on until 6am. This coalition government are a lot worse than the ones before them, people have learned a hard lesson.

So kicking the can down the road so that our children and our children s children will be lumbered with a debt that we never owed in the first place was the only solution they could find ? Has our finance minister answered this question yet--what will be the total cost of all of this to the Irish taxpayer for decades to come ? The Total I mean and not some political speak to blur the truth !! The promissory note could have been challenged by future governments as being illegal--which it was --but now that Kenny and cohorts have done this deal it can NEVER ever again be challenged . What a fiasco for the Irish paypayer and especially the poor. There's still the old story in Ireland of I'm All Right Jack and the cronyism has not gone away . !! Not a care in the world about the future of our children

Yes it has to be seen as a restorative measure by the ECB who were unduly harsh on Ireland , insisting the country pay back even unsecured private bank bondholders, which Ireland did. I don't think any of the other ailing EU economies can look forward now to a similar deal as none of them were suffering the economic and financial injustice that Ireland was , it being ordered uniquely by the EU to pay these private bondholders.