Saturday 3 December 2016

Vote on it

Published 01/02/2012 | 05:00

• If not a referendum, perhaps the Government will be good enough to explain how they intend to keep to the terms of the treaty?

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The troika will perhaps come up with a package of extended loan terms and reduced interest rates, as Mr Noonan has made it clear the Government is not going to do the negotiations on our behalf.

The banks made unwise loans in response to a system of market evaluation of banks based on their revenue-to-cost ratios. The banks were operating in a mad world and the treaty does nothing to change this. Punishing people and blaming victims is a new government strategy, only in as far as it now applies to the electorate. We were compliant fully with the terms of the treaty under the previous government.

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