Between 1 October and Budget Day, €2.9 billion will have been handed over to parasite bondholders. That will bring the total amount of money given to bondholders this year to €19,911,338,474. Then, on that day, Minister Noonan will stand up in the Dail and announce a further €3.5 billion worth of cuts and extra taxes.
The intervention of the European Commission into the debate on Lisbon in Ireland has become yet more brazen. The sight of Antonio Tanjani on a whistle-stop tour of the country with Michael O'Leary campaigning for a Yes vote has removed any remaining shred of impartiality. That the European Commission would interfere in the debate in Ireland in this manner is a disgrace. It is a ploy aimed at increasing the pressure on the Irish people to vote Yes.
Should a government Minister be allowed to make a far reaching statement that sharply contradicts the thrust of government policy and not be immediately challenged as to the practical implications? If the media afforded acres of coverage to such a statement, should it not then demand that the Minister spell out what concrete action she/he proposed to take if the statement was to mean anything more than empty posturing?