Dear Minister Noonan TD, Minister Howlin TD and all Irish government TDs
Ireland’s debt repayments on the now dead Anglo-Irish Bank and Irish Nationwide Building Society's debts will reach over €47 billion by 2031 and probably much more when borrowing costs are added. The next massive payment is due on 31st March, worth €3.1 billion. This could fund the running of Ireland's entire primary school system. Instead it is to be taken out of our society and will be disappeared by the Irish Central Bank.
These debts are not the responsibility of people living in Ireland. They are the responsibility of those who lent recklessly to Anglo and those who acted recklessly within Anglo.
Unbelievably, people in Ireland are repaying these debts even though Anglo is currently under police investigation.
We, ordinary people living in Ireland, already suffering from an economic and democratic crisis we did nothing to create, have been saddled with repaying these unjust debts. A so-called ‘promissory note’ was created as a kind of “IOU”. This note does not have the democratic consent of the people.
This money could and should be used to maintain and expand public services and provide a desperately needed stimulus to the depressed economy.
I call on you to support an immediate suspension of these repayments and to advocate that the Irish Government enter into negotiations with the relevant parties, including the European Central Bank, to ensure that this unjust debt is written down in full.