Wednesday, March 21, 2012

Odious Debts must be written off - Mythen

A message from Cllr Johnny Mythen

They say truth is the first casualty of war. Truth is also the casualty of a propaganda financial war. We have in this Country, an unprecedented jobless growth, unprecedented Emigration growth and unprecedented unaccountable power growth.

When a Government will not provide money for hospitals, schools, nurses, teachers, Gardaí, or the creation of much needed jobs across all sections of society, but can find billions to pay broken down financial institutions like Anglo Irish Bank along with unguaranteed bondholders and developers whom are the very people who caused the financial crash in the first place, while at the same time refusing to negotiate or even consider a change in the conditions or terms of this rotten deal, then they are not being true to their Country or their people.

These are odious debts and must be written off. In International law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interest of a nation should not be enforceable. Such debts are considered to be personal debts of the regime that incurred them and not DEBT OF THE STATE.

Its time to start running our Country as a Country, and not as a satellite state under the cosh of total European dominance.

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