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Paying for the sins of others has got to stop

I'm infuriated to read the constant reports of German and French demands for Ireland to make further concessions in lieu of a reduction in the bailout interest rate.

The fact is the interest rate reduction is of very minor benefit in the overall context of this country's difficulties.

The new government needs to take a stand and say 'No More!'

Without consultation, generations of Irish men and women have been saddled with these debts.

Who is the beneficiary of this largesse? It is primarily the banks of France and Germany who negligently lent to our banks in the first place.

Where were the financial regulators in their countries? I think you'll agree there's no bigger concession a country can make than commit to pay for the sins of others.

Martin Dwan
Knocklyon, Dublin 16

Irish Independent