Saturday 23 September 2017

Government should stand up for its people

I AM an Irish citizen who does not agree with the continued mantra that we should pay off our debts. It has been said that we cannot repudiate this debt as it has not been done before.

In 1776 the United States repudiated its debt to England. 1n 1898 Cuba repudiated its debt to the Spanish crown. In 1912 Turkey, suffering from a severe financial crisis, won a case at the International Court of Arbitration in support of its repudiation of debts to Tsarist Russia. In 1953 the London Agreement cancelled 51pc of German debt amassed during World War Two. This cancellation was the key to the growth of the German economy. There are many other fine examples of government standing up for its people, we should do the same.

Paul Doran
Clondalkin, Dublin 22

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Don't Miss