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We the undersigned petition to the Irish Government to revoke the Bank Guarantee of November 28th 2010. Furthermore we call on the More details

Submitted by Cian O'Meara Deadline to sign up by: 2011-09-30 21:05:26 Signatures: 53

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Current signatories

Cian O'Meara, the Petition Creator, joined by:

Cian O'Meara
Eileen Roche
Diarmuid O'Flynn
cathal o meara
tom boland
Tríona Ní Shíocháin
Dr David Delany
John Wynne
Richard Auler
Edwin Kelly
Lucy Boland
Julie Regan
Lorcan Byrne
Ultan O'Meara
Michelle Kiely
Gerald Harty
Patrick Frawley
Noel O'Connor
Stephen Walsh
Luke Townsend
Sam Russell
Michael Lyons
Simon Barber
Fi O'Meara
Danny marshall
Aoife O'Meara
Finn Domegan
Corin Wates
Peter O'Connor
Kevin Kiely
Evin o Reilly
Maeve Nagle
Conor McAleavey
Celine Dee
Jean Earnshaw
Patrick Crushell
Treasa Morrison
Sheila Walsh
Ronan Condon
Joanne cody
Jenny o comnor
Carmit Erez
Ciaran Neligan
John O'Hare
anet moore
Robert Hamilton
Laurence Vize
Terrie Burke
Deborah Hickey
Rebecca Daly
Sabilla
Latoya
Howdy

More details from petition creator

In the decade of the so-called Celtic Tiger Irish banks borrowed billions, poured them into the property market, created a bubble of such enormity that when it burst, it destroyed the entire Irish economy, including the banks themselves. When those who had been foolish enough and reckless enough to lend those billions to those banks came looking to cash in their bonds there was precious little left, at which point the normal rules of economics should have kicked in – the bondholders cut and run, negotiate their losses and move on to the next likely investment. In September 2008 came the first intervention, a weak and ill-advised government panicked into a blanket bank guarantee; on November 28th 2010 the second intervention, that guarantee copper-fastened in a deal which will go down in history as one of the most dastardly deeds ever done in the name of the Irish people - under duress from the ECB, the then Irish Government signed a deal under which the private debts between the Irish banks and their various bondholders were transferred, in full, to the Irish people. Immoral, unjust, unconscionable – this was all of that and more. It was an unprecedented interference with the normal workings of the money markets, a decision that smacked more of empire than of community, a decision mandated by the ECB to protect the bondholders at the expense of the already seriously impacted Irish people. Threatened with withdrawal of all support, the then Irish government was basically blackmailed into signing the deal; the Irish people were never consulted, were simply saddled with a debt they had never themselves accrued. We petition now for this deal to be undone; we petition for those bondholders to be treated now as they should have been treated then, with whatever consequences they have to suffer; at the very least, we petition for a referendum on this deal, that the Irish people may themselves decide whether or not it’s acceptable that they should now be saddled with this debt.We do ask however that depositors assets be protected in any negotiations.We shall march on Dail Eireann once 200,000 signatures have been collected to deliver our message.
 
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