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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 07:07 AM
Response to Reply #13
14. An Irish village says no to the banks
http://www.presseurop.eu/en/content/article/1198841-iri...


The invitation to the first march came on an A4 sheet, eight months ago, and it was the essence of civility. "Short, sharp, silent," it said, "No placard, no chant." Those who felt angry about what was happening should gather in the church car park and march to the speed limit sign on the edge of the village. No speech-making. "Bring only your anger."

And, last Sunday in the north Cork village of Ballyhea, after the second Mass, the 38th weekly march was scheduled to take place. A 10-minute walk from St Mary's car park to the speed limit sign on the edge of the village, and back. Over the months, the march has acquired a banner: "Ballyhea Says No! To Bond-Holder Bail-Out." A small upsurge of spirit in a frightened, diffident country.

It began with a local man, Diarmuid O'Flynn, a sports journalist with the Irish Examiner. He wrote to TDs, protesting about the bailout of bondholders, and got form letters in reply. Last March, O'Flynn rang around friends and relatives. A dozen people turned up in the church car park, and they had their quiet, dignified march, and the rest of us didn't notice.
ECB instructs the citizens to pay

O'Flynn saw the bailout of bondholders as central to what has been done to the country. Tens of billions of private business debts, transferred to the citizens, breaking the State's ability to borrow at sustainable levels of interest. He reckons the total cost of bailing out the bondholders, with interest over the years to come, will be a hundred billion. "The ECB is allowing us borrow a hundred billion, so we can spend a hundred billion paying off bondholders."
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  -STOCK MARKET WATCH, Wednesday, November 23, 2011 Pale Blue Dot  Nov-23-11 06:06 AM   #0 
  - Millions of reports today  Pale Blue Dot   Nov-23-11 06:07 AM   #1 
  - Duirable-goods orders fall 0.7% in October  Roland99   Nov-23-11 07:35 AM   #21 
  - Personal income up 0.4%, spending 0.1% in October  Roland99   Nov-23-11 07:35 AM   #22 
  - Weekly U.S. jobless claims rise 2,000 to 393,000  Roland99   Nov-23-11 07:35 AM   #23 
  - Four-week claims average falls 3,250 to 394,250  Roland99   Nov-23-11 07:38 AM   #28 
  - Continuing claims rise 68,000 to 3.69 million  Roland99   Nov-23-11 07:39 AM   #29 
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  - PCE price index falls 0.1% last month  Roland99   Nov-23-11 07:36 AM   #25 
  - Core capital goods orders drop 1.8%  Roland99   Nov-23-11 07:38 AM   #26 
  - Orders minus transportation rise 0.7% last month  Roland99   Nov-23-11 07:38 AM   #27 
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  - Oil falls below $97 amid weak US economic growth  Pale Blue Dot   Nov-23-11 06:08 AM   #2 
  - Hi!  Tansy_Gold   Nov-23-11 06:09 AM   #3 
  - a wild turkey of a day!  Roland99   Nov-23-11 06:11 AM   #4 
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  - Mercury retrograde, too  Demeter   Nov-23-11 06:14 AM   #8 
  - Check out the toon!  DemReadingDU   Nov-23-11 07:20 AM   #17 
     - another toon  DemReadingDU   Nov-23-11 07:45 AM   #31 
        - +1  xchrom   Nov-23-11 08:25 AM   #37 
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  - Futures pointing much lower  Roland99   Nov-23-11 06:12 AM   #6 
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  - An Irish village says no to the banks  xchrom   Nov-23-11 07:07 AM   #14 
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  - I am.  Tansy_Gold   Nov-23-11 09:26 AM   #46 
  - ...  Roland99   Nov-23-11 09:44 AM   #47 
  - I'm with you, Sister (n/t)  bread_and_roses   Nov-23-11 09:57 AM   #48 
  - Me too  Demeter   Nov-23-11 10:06 AM   #49 
  - Re-framing a sad day -  InkAddict   Nov-23-11 05:55 PM   #74 
     - My dear friend, condolences  Demeter   Nov-23-11 06:15 PM   #75 
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  - Closing Wall Streets casino David Cay Johnston  Demeter   Nov-23-11 10:12 AM   #51 
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     - ....  Hotler   Nov-23-11 01:16 PM   #63 
     - and wishing you a good turkey day tomorrow  DemReadingDU   Nov-23-11 01:40 PM   #65 
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  - And a Happy Thanksgiving to you all!  Roland99   Nov-23-11 03:07 PM   #69 
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     - This Black Friday you can get it for 12,000.  Fuddnik   Nov-23-11 04:06 PM   #73 
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        - It's a Butterball joke.  Fuddnik   Nov-23-11 06:40 PM   #78 
 

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