Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
For Kelly, O'Hagen, or the Octopus?

I was referring to Kelly, but your link answered the question. Kelly makes the point that the original bond holders have been paid off. This whole process needs to be investigated and, probably, prosecuted. It was just TOO DAMN CONVENIENT! Clawbacks would be in order from a process that was found to be based on collusive fraud. And there is still a lot to be explained about the urgency with which the ECB wanted Ireland to accept a bailout, given the time they had until the next payment was due. But maybe I have missed something.

I suspect that one of the reasons for the Irish elite's reluctance to consider any real alternatives is that amongst those alternatives there might be investigation and prosecution of many of them for their roles in the whole debacle and many might be ruined and even do time in prison. This all smells like the reluctance in the USA to look at the past, etc. ever since Watergate, but, especially, since Clinton. Just ignore past potential infractions and move forward. In both cases I strongly suspect that a proper investigation of events in previous administrations would open 55 gallon barrels, not of worms, but of vipers. (Imported vipers, to be sure.)

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Jun 1st, 2011 at 11:33:50 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series