Still time to save many billions

It is not too late to save Ireland from becoming insolvent, but a referendum may be our only hope

19th February, 2011
Still time to save many billions
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The only question that matters in this election is whether we should continue paying out money to people who invested in our banks and got their bet wrong.

The more money we pay these bank ‘investors’ - who have no right to be paid, because the banks they invested in are insolvent - the less we will have for repayments on our sovereign debt.

At a certain stage, the ability to pay our...

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