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And now you have this cunning plan that foreign holders of Irish government bonds are unworthy and domestic holders are worthy. That is fine as as far defending the interest of the Irish elite goes, but why is that now suddenly a pan-european progressive project?
And now you have this cunning plan that foreign holders of Irish government bonds are unworthy and domestic holders are worthy.
We need to return private banking to the days of unlimited personal responsibility of the bankers for the solvency of their institutions. The state can clean up damage to others, but should see that the full burden of fiascoes fall on the bankers themselves. Current policy is the exact opposite. That is the core problem.
As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
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