Stop the Handover!

Stop the Handover!

Cork Sinn Féin activists will tomorrow protest outside the office of Jerry Buttimer TD to underline the party’s opposition to the handover of €700 million to unsecured bondholders at Anglo Irish Bank.

Cllr Chris O’Leary said:

“Tomorrow the government plans to pay out €700 million to unsecured bondholders at Anglo Irish Bank.
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“This is the first is a series of planned handovers of billions in taxpayers’ money. Next January a further €1.2 billion will be paid out. All this against the backdrop of an austerity budget that will take over €4 billion out of the economy and inflict hardship on children, on carers, on the disabled and on the working poor.”

“The government plans between €3.6 and €4 billion of cutbacks in the budget. Refusing to handover the €700 million scheduled today could mean no household charge. It could mean no welfare cuts. Instead of going out of the country the money could be used at home to help stimulate our economy”

“This is not money the Irish people borrowed. These billions are being paid to international bondholders who lent money to the now defunct Anglo-Irish Bank.”

“At 1pm tomorrow Cork Sinn Féin activists will protest against the handover of this money outside the office of Jerry Buttimer TD where Fine Gael Euro MEP Sean Kelly is holding a clinic. I am encouraging people to join us and make their voices heard. People power can stop this outrageous payout. I am asking the people of Cork to tell the government to ‘Stop the Handover’.

For further information or comment contact Cllr Chris O’Leary @ 087-2794307