THE GOVERNMENT will today pay €1.25 billion to senior unsecured bondholders of Anglo Irish Bank debt.
Alan Shatter said on RTÉ Radio One this morning that Ireland must make the payment as part of the effort to get back into the international markets, while Enda Kenny has said the state’s reputation would be tarnished if the payment was not made.
Despite protests such as the ‘Occupy Anglo’ demonstrations and heavy criticism from opposition TDs, Kenny said in the Dáil yesterday that there was a difference between ‘won’t pay’ and ‘can’t pay’ and that Ireland “will pay our way”.
Public criticism of the repayment has focused on the possibilities of using that money to support job creation, education, or to help those struggling with their debts.
Today, we want to know: If you could control that bondholder payment, what would you do with the €1.25bn payment? Would you pay the bondholders, or spend it on something else? Add your suggestions to the comments below.
To embed this post, copy the code below on your site
have your say