Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-02-04-Speech-1-252-000"
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"en.20130204.22.1-252-000"2
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"Madam President, on 31 March 2013, Ireland is due to pay a EUR 3.1 billion instalment on a promissory note which was negotiated by the discredited previous government for the now defunct Anglo Irish Bank. This is the bank that was largely responsible for the collapse of the Irish economy. As a result, the Irish people have been left with a massive EUR 30 billion debt, which – truth be told – stems from banks from all over Europe that were only too quick to lend to the dysfunctional Anglo Irish Bank during the boom years.
Ireland is now working hard to exit the troika programme by the end of 2013, but without a fair deal on the Anglo Irish promissory note, it is hard to see how that can be achieved. There is no doubt that failure to reach agreement, in the 55 days remaining, on the promissory note will have profound implications for Ireland’s recovery. Achieving agreement on the Anglo Irish promissory note is clearly in Ireland’s interest, but it is also in Europe’s interest that Ireland obtain a fair deal and regain her economic sovereignty."@en1
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