All affected by this issue need to stay focussed on campaign until we achieve at least 1% reduction in Interest rates. Every Government TD and Senator needs to be written to, emailed and telephoned to highlight our outrage at todays statment by the Minister which was a total non event.
Politicians understand only 1 thing- votes, public outrage and the real prospect that this will be a key election issue that is not going away.
Find Detailas of your local TD and Senators on
www.oireachtas.ie
the terms of the loan offered to Ireland by the IMF , ECB and E U States that is EU65 billion euro to pay public bill and contribute to bank capitalisation subject to the following conditions:
1 That the national pension reserve fund contribute 17.5 billion euro.
and
2 Th
at IRELAND WILL CAPITALSE HE BANK TO THE HIGHEST INTERNATIONAL STANDARDS PLUS implement austerity programme.
If bank cant pass stress test on their own - be it share sale , loan book sales , Joe on variable paying for loss on tracker taken out by mike , sale of premises branches art works he list goes on - then the cost of capitalising the bank come to the public table.
Art 29 5 2 of the constitution states that no international agreement that involves a charge on public funds will be binding on the state unless the TERMS and all THE TERMS are approved by DAIL EIREAN.
The international LOAN - the government call it a programme - charge the NPRF 17.5 billion euro.
Brian Lenihan in his presentation of the docs ' memorandum of understanding - told dail that on the AG advises the agreement did not come under art 29 5 2.
The current government of same view.
But no td has gone to the high court for adjudication - I e Do the term of that bail out require approval of Dail Eireann to be binding on the state.
If TD had got an order referring the offer back to the Dail for it approval or referral back to the EU the dail references to Denis Obrien dealing with IBRC would be simply the dail doing it job on this matter - representing the interest of the pubic in the affairs of IBRC a baled out bank.
The executive has denied the role of the Dail in it and TD are doing nothing about it.
AND
the cost of capitalising them bank rest on the public table as far as that offer is concerned.