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50,000 Turn Out To Protest Against Government Handling Of Irish Bailout
"What hurts me the most is why is the taxpayer paying for the IMF. Why are we bailing out the banks. These are the people who took the risk, let them take the hurt, let them feel the hurt." That is the common refrain of the tens of thousands of people who took to the streets today in Dublin, protesting against the government's rescue of various European banks (and Goldman Sachs) investment losses. More from RTE: "Gardaí said that around 10,000 people started the march, however the
crowd swelled to around 50,000 people as it moved down the quays. Speakers at the march had estimated that the crowd was between 100,000 and 150,000. A small group of around 400 protestors are currently at the front gates of Leinster House. Some 60 gardaí are lining the footpath in front of the building, with crash barriers erected in front of them."
Luckily, so far the demonstrations are peaceful. However, the message sent to Brian Cowen is loud and clear: get out, and take your bailout plan with you.
More from the Telegraph:
The rally was the first major demonstration since Ireland agreed to accept a €90 billion (£77 billion) loan from the European Union and International Monetary Fund to save the country from bankruptcy.
People are very unhappy, and this is their last chance to protest before the budget," said Pat Kenny, a 45-year-old postal worker and labour union official, distributing bright blue banners as the march began.
"But today is just the start of a campaign against the plan. This government doesn't have a mandate to govern, they should allow for a general election and let the public say if they are in favour of the four-year plan."
Thousands of marchers — led by a traditional pipe band — crowded along the banks of Dublin's River Liffey, banging drums and blowing whistles.
Banners carried slogans including "It's not out fault, we must default," and "No country for young men," a reference to the squeeze on jobs.
As part of the crisis negotiations, Ireland published a plan this week to slash €15 billion from its deficits over the next four years, with the harshest cuts and tax hikes earmarked for the next budget being published Dec. 7.
Prime Minister Brian Cowen has admitted that the slashing will lower the living standards of everyone in this country of 4.5 million.
But he insists Ireland has no choice given that the nation's 2010 deficit is running at 32 per cent of GDP, the highest in Europe since World War II.
Saturday's rally coincides with reports that the EU-IMF fund could charge interest rates of up to 6.7 per cent, higher than the 5.2 per cent that applied to Greece's €110 billion bail-out in May.
And a video report on the scene, via RTE:
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wow liberal sodomy. thanks.
You twits complaining, who cares who trialed this. It worked. Leave the baggage outside. no point incuttingnose tospiteface.
"We were not foolish enough to try to make a currency coverage of gold of which we had none, but for every (new reich´s) mark that was issued interest free [non usury system], we required the equivalent of a mark's worth of work done or goods produced. . . .we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank." -Adolf Hitler, 1937 (CC Veith, Citadels of Chaos, Meador, 1949.)
Ireland could do this.
junoland
demonstrations are always processed in the media. U-Tube is the only voice
We all know that the number was much higher. Big percentage.
IMO the euro and euroland have been gamed since inception. Squid is part of it.
we are saying go bankrupt. at least take everything out of the bank, they will fall like dominos.
I know, its been everything for 800 years and you didnt mention the slave trade in Irish
This is exposed in Matt Taibbi's book "Spanking the Donkey" its common practice by the media. Stop watching t.v..
I wonder if this might make the IRA get busy?.
http://www.dailymail.co.uk/news/article-1333537/Nine-men-Derby-jailed-gr...
Those muslim guys better start realising europe gets pissed off every 50 years and starts gassing people.
They love it - cant help themselves.
And the conditions for this are building up alarmingly.
Let's hope you're right.
brussels delenda est.
good luck to the Irish..they have been sold down the river once again..I would wish they raise up and take back the government, but here in America we sleep while our masters defile our women and children, tax us into serfdom, so I cannot ask the Irish to do what my own countrymen will not.
Well, the Irish are persistent and they don't carry the yoke meekly.
Rather than the 800 years of English rule, Ireland can throw off the yoke of Goldman Debt in 800 hours.
Maybe to start we could have the IMF send in Hank Paulson, a man of great respect and credibility, to tell the Irish people that he fears "Systemic failure".
And that it has to be a real crisis because Blankfein's bonus is on the line.
Naturally, all Irish mothers will gather around and convince their children to skip a meal since Lloyd needs to keep up his appearances amongst the criminal banking elite.
Sounds like a rallying cry: Eight Hundred Years Ending on the Eight Hundredth Hour!
I like it. And who doesn't like a short war?
Talk and 10 days of Cowens 'discussions' should tell you something it's all ahemm.. BS . The Bond mkt isn't buying it, rates are 9.2% on Irish 10 yr and rising.
The Bond mkts are the Smart Money, the Hft equity scalpers are going to be carried out
on a stretcher soon.