Little Short Of Blackmail

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httpv://www.youtube.com/watch?v=HANouuHrdVI&feature=player_embedded

“In 2007, our debt to GNP ratio was approximately 30%. By 2014, it will have ballooned to 145% – no developed economy can survive those levels of debt. Ireland has just about survived four years of austerity. Our debt levels directly linked to bailing out banks in Ireland and in Europe are now simply unsustainable.

Yet we are told that more of the same without any commitment to Eurobonds, Redemption Funds, or debt restructuring will solve our problems. It will not, and cannot and, given that our access to the ESM is tied into ratification of the Treaty, it is little short of blackmail.”

Marian Harkin MEP, today.

 

Ireland West MEP Marian Harkin Accuses European Council Of Blackmailing Ireland Over Fiscal Treaty (Politics.ie)


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