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Concerns over legality of Anglo Irish promissory note deal raised by former CFO

Maarten Van Eden echoes claims made by European bankers


The Irish government has celebrated its deal with European Central Bank over the promising notes for Anglo, now known as the IBRC.
The Irish government has celebrated its deal with European Central Bank over the promising notes for Anglo, now known as the IBRC.
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“It will be time for the Irish Government to test the legality of what was done by Trichet’s ECB in 2010.

“There are explicit provisions in the ECB statute which entitle a member state to challenge the acts of the ECB at the European Court of Justice.”


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The Irish politicians and their compliant media seek to make people forget the reality of what has happened. But never forget it: The Irish people are on the hook for three thousand million euros essentially because one crook--Fitzpatrick--was not controlled by the overseers of the Irish banking sector (who subsequently retired on million dollar-a-year pensions). This was bad enough, but this in itself would not have brought about disaster without the second element. This second element was that the treacherous and incompetent Fianna Fail government transferred the gangster Fitzpatrick's debts to the Irish Treasury, meaning every Irish citizen became liable for it. It was an act of stupidity unparalleled in history anywhere. And for the Irish people to revert to voting Fianna Fail will be the second most stupid act of their history.
Who asked Maarten van Eden for his opinion ? As the french say he should better stick to minding his own onions !
 




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