€10bn Anglo Government injection approved
The European Commission
has approved Government plans to inject up to another €10bn into Anglo Irish Bank.
The Commission said the Government had notified it at the end of June that it wanted to put just under €8.6bn into Anglo.
This brings the total up to the €22bn figure already indicated by Minister for Finance Brian Lenihan.
But today’s decision allows another €1.4bn to be given to Anglo, depending on how much NAMA pays for loans it is taking on from the bank.
The Commission said the approval was temporary, pending a final EU decision on Anglo’s restructuring plan, which the bank has indicated it expects in September.
Competition Commissioner Joaquin Almunia said the measure was necessary to preserve financial stability in Ireland, but warned that Anglo Irish Bank would have to ‘restructure profoundly’.
This is the third emergency injection of funds approved by the EU, following €4bn in 2009 and €10.44bn in March this year.
The European commission along with the European central Bank is in fact run by the Deutsche Bank and since the German Banks have lent this money to the now Toxic Bankrupt Banks in the first place they are in fact saving themselves and are only getting the Irish taxpayers to pay for their mistakes in lending to gangsters running a private bank (in the case of Anglo) in the first place
This is a clear case of a conflict of interest and the German, French and English members should not be allowed to vote on such important matters
In light of these facts I call on all citizens to write to their MEP and demand that this decision on Anglo’s restructuring plan be reviewed
if they are allowed to continue to look after their own self interest then I believe they will agree to any amount of Irish taxpayers Euros to be pumped into these corrupt Banks until they can retrieve all their losses or until the Irish Taxpayers revolt and refuse to continue to pay for what is in fact a Bailout of the German Banks by the bewildered Irish Taxpayers
For god sake, no strike that, for our own sake stand up and stop this madness
We cannot afford this extravagance as far as I can see we are just like the French peasants under King Louis XVI of France only our Louis XVI is in fact the Banks and their gombeen politicians they have running this country
We need to take matters into our own hands if the opposition don’t get their collative act together
What other alternatives have we got??
stop this financial madness now