Statement by the Communist Party of Ireland
1 June 2012
Martin Kotthaus, spokesperson for the German minister for finance, Wolfgang Schäuble, has called it as it is. There will be no change in regard to the debt: we will have to pay all the debt owing to German and French banks.
The options open to this government keep narrowing by the day, despite all their blather about a Yes vote “strengthening their hand” in negotiating a better deal on the socialised corporate debt. This was all just empty rhetoric.
Being a “model bail-out student” is simply no longer an option for our people and our country. We can’t keep on feeding German and French banks and saving the euro and at the same time feed our children. We have to put the people first. There is no other option but to repudiate this odious debt.