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Ballhea protesters says no to the bondholder bailout. Diarmuid O'Flynn
Bondholder Bailout
'No to Bondholder Bailout' protesters stop traffic in Cork
A group of protesters created a human roadblock at Ballyhea to demonstrate against tomorrow’s repayment of a US$1 billion Anglo Irish Bank unsecured bond.
MEMBERS OF THE Ballyhea Bondholder Bailout group took their demonstrations to new levels today, creating a human roadblock to cause traffic chaos on the main Cork-Limerick road.
About 50 people gathered at Ballyhea at noon to protest against the payment of a US$1 billion Anglo Irish Bank bond tomorrow.
Following a march, the group sat down on the N20 Cork-Limerick road, blocking traffic completely for about 15 minutes.
One of the organisers, Diarmuid O’Flynn told TheJournal.ie that although they caused delays, they did not receive any abuse from drivers.
“Many people even gave us a thumbs up in support,” he said. “It was very gratifying.
“We have been marching against the bondholder bailout every week for 35 weeks but we could not let tomorrow pass without doing something special,” continued O’Flynn.
The group were heartened by today’s turnout and that most of the marchers decided to participate in the roadblock.
It is not our preference to disrupt but it is reaching a critical stage.
We sat on the ground at a set of pedestrian lights but when a Garda car came and asked us to move, we did. This protest movement is not about confrontation.”
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O’Flynn said the group will continue to hold its small-scale events in various locations over the coming weeks.
“We are being told about the austerity but we’re not told about the bonds being paid. Most people do not know almost €100 millino in bonds are due to be paid by the end of the year,” he explained.
A separate event took place at Clarenbridge, where protesters blocked the main Galway-Limerick road.
Another protest, organised by the Occupy Dame Street group, started at noon outside the Department of Finance.
The €718 million bond is being repaid to senior, unsecured Anglo bondholders but the bank and the Government insist that promissory note arrangements mean the obligations must be met in full.
It is not clear who exactly are the beneficiaries of this week’s payments are. The bond was first issued in 2006 but could have been sold on by its original holders.
IBRC has another €1.25 billion payment falling due on 25 January, 2012.
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Terrible news. We knew each other in UCD in the 1980s as we shared a passion for footy and loud music. We both had long curly hair back then. Never saw him again until 2014 at a debate on Irish football arranged by Antonio Mantero of thecoachdiary.com website. Johnny was compère for the night. During a break I went down to the stage and said “Johnny Lyons, it’s been 25 years”. Not put off by my now shaven head he looked at me, took about 2 seconds and said “Clarkie! You still listening to 70s Genesis?”. Thankfully the answer was no. As an aspiring music hack in the 80s he got an interview over the phone with Tony Banks, keyboardist in Genesis. It was a long interview and to Johnny’s horror the tape recording didn’t work. He rang Tony again and said that there’d been a problem and luckily he was given the interview again. Great voice but more important, great passion for our game. Very sad to hear this but I’m glad I got to meet him again. RIP.
RIP Johnny Lyons. Also a Great story but it’s sad that you’re not listening to 70s Genesis anymore the classic line up with Gabriel made some of the best music of all time and I still listen to this day. Revisit it whilst thinking of johnny , you won’t be disappointed .
Wow. Don’t know of the guy at all but looks incredibly young to pass away. Anyone know how old he was? From the outpouring of emotion I’ve seen on social media he obviously was a special person who touched the lives of many people. May he RIP
I am shocked and so saddened to hear of the sudden death of Johnny Lyons. I met Johnny several times, including years ago when I managed a local team in Lucan, Beech Park F.C. – Johnny always had time for local teams and for local people. May Johnny Rest in Peace.
That really doesn’t matter right now. An extremely talented and passionate radio sports broadcaster has passed away. Age and CoD are irrelevant right now. You know nothing about loss obviously!!
RIP Johnny Lyons #98fm
It is okay to ask for these details, many people are left scratching their heads when a famous person dies suddenly and there is not much information at the time of death.
Johnny Lyons. Unforgettable – Pal of mine in the 80′s and 90′s . Brilliant guy. UCD, Rovers, Mount Merrion, 98 FM.
In the Elysian Fields – shocked Johnny – really shocked
Likewise Jack, I didn’t listen to 98FM, but everyone knew Johnny’s very distinctive voice, and I loved listening to him on the Fanzone on Premier league live on Today FM. Rest in peace Johnny, yet another one gone well before his time.
Regardless of the rows above about what Hugh says or what he doesn’t why are there A-holes red thumbing condolences from everyone here. Trolling keyboard warrior knobs. A good man died. Why would anyone red thumb that???? F…ers
How can one die “suddenly and peacefully ” that’s just not possible, if it were cancer for example it is possible to go relatively peacefully with morpheme and pain suppressant drugs etc but suddenly implies something very traumatic like a stroke or massive heart attack, that’s a nice quick way to go but in no way could it be described as peaceful. RIP johnny.
Shocked :(. Will miss listening to you on the radio ‘johnnnny LYonnns’ :). R.i.p. -condolences to all his family, friends and colleagues at 98fm. Thanks Johnny x
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