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'Lift the Burden': Tens of thousands march against austerity in Ireland

'Lift the Burden': Tens of thousands march against austerity in Ireland 

Published: 10 February, 2013, 04:57

Tens of thousands of people have marched through cities in Ireland in a massive show of anger against severe austerity measures and high costs of living.

The Irish Congress of Trade Unions,which organized the rallies, claimed more than 100,000 people attended, with some 60,000 marching in Dublin. Demonstrators also protested in Cork, Galway, Limerick, Sligo and Waterford.

Tough cuts were implemented to please Ireland's creditors in the wake of the country’s banking crisis. It has been relying on a joint EU-IMF loan since 2010.

The “Lift the Burden” march took place despite the Irish government’s recent bank debt deal with the European Central Bank. It saw 28 billion euro worth of costly promissory notes swapped for long-term sovereign bonds.

The union’s General Secretary David Begg vowed that the campaign against the debt burden will carry on until the European authorities fully honor the agreement reached last July to separate bank debt from sovereign debt, The Irish Times reported.

"It would be fatal for people to believe this issue is now resolved and we can all move on," David Begg said. "At the onset of the crisis Ireland had one of the lowest debt to GDP ratios in Europe. The difference between then and now is due entirely to Ireland socializing bank debt at the behest of the ECB, to save the European banking system."

I've no confidence at all in the deal, it won't make any difference to ordinary people," Alfie Murray who marched in Dublin with his 8-year-old grandson, told Reuters. "It's the next generation that'll shoulder the cost," he said.


Views: 186

Comment by raymond _______ on February 10, 2013 at 9:59am

Arresting the people who signed all these contracts is the only way.full stop.and that is the only way.and its the only way.there is no other way.that is,shout,march do whatever you want and there is a million ways of doing shit that amount to nothing and you are just wasting your valuable time.Arresting the people who signed all these contracts is the only way.full stop.and that it.Im losing my mind answering people who are looking at the thing wrong,there is a million or more wrong ways there is only one right way to solve this.Lock up the fraudsters.end of story.


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