Mythen slams bond holder pilfering

Cllr Johnny Mythen has slammed what he calls the 'greatest pilfering of this country since the Normans invaded.'  The Enniscorthy Sinn Féin rep was referring to the fact that the tax payer funded AIB bank is to hand over €1 billion to an unsecured bondholder on October the first, just weeks before the introduction of a budget which will bring in further severe austerity measures against ordinary families.

Cllr Mythen said;

"On October the first the A.I.B. bank,  which is 98.7% owned by the Irish tax payer, is going to hand over €1 billion to senior unsecured bondholders ( bond no. x50455308923).  This has to be the greatest pilfering of this country since the Normans and the Danes invaded our shores.  So far, we the ordinary people of Ireland have paid €20.7 billion to the A.I.B. groups."

"This is an economic crime against every citizen in this country.  It is directly responsible for the introduction of all the extra taxes this present government are lashing onto every man woman and child in this country.  It is directly responsible for all the cuts in our hospitals and public services.  It is directly responsible for the amount of young, well educated people leaving our .   It is directly responsible for the stagnation of our economy and the highest unemployment rate ever. 

"This is a gross case of bad planning and mismanagement of tax payers money. Surely the Government can immediately refuse to pay these money launderers on the grounds they will be paying 1Billion€1 billion of our sovereign money over to an unsecured debt; money extracted from the Irish people.  If they are serious about renegotiating our Debts then the majority of all the decent citizens of this country would strongly suggest they begin here."