The European Commission cleared the corrupt Irish governments plan to bail out the countries financial institutions. Ireland established the National Asset Management Agency last year as a Toxic “bad bank,” thus bailing out well connected developers and the criminal activities of the top banks
These Toxic and worthless assets will be purchased from these firms with Irish government bonds. To the tune of now 80 billion Euros
The commission said the Irish plan was in line with rules allowing state subsidies to business during a serious economic crisis. The measure, which is said to targeted the real estate assets, but is also bailing out the banks bad derivative positions is key to cleaning up Irish banks
Five Irish financial firms plan to use the plan, according to the commission.
The bank involved are : Anglo Irish Bank, Allied Irish Banks, Bank of Ireland, Irish National Building Society and Educational Building Society.
what we are seeing is the complete destruction of private enterprise as we know it from now on we will have to ask permission from the corrupt bosses in Brussels to wipe our a****
Out national independence is now lost and our own corrupt government have sold us out to their real bosses the international bond holders
Every one of them deserves to be hanged on charges of treachery!